Investing.com – Philippines equities were higher at the close on Monday, as gains in the Banking & Financials, Services and Holding Firms sectors propelled shares higher.
At the close in Philippines, the PSEi Composite gained 1.19% to hit a new 6-month high.
The biggest gainers of the session on the PSEi Composite were Metropolitan Bank and Trust Co (PS:MBT), which rose 5.29% or 4.50 points to trade at 89.50 at the close. SM Investments Corp (PS:SM) added 2.93% or 22.50 points to end at 790.00 and SM Prime Holdings Inc (PS:SMPH) was up 2.52% or 0.850 points to 34.600 in late trade.
Biggest losers included Emperador Inc (PS:EMP), which lost 1.73% or 0.120 points to trade at 6.830 in late trade. Energy Development Corp (PS:EDC) declined 1.65% or 0.100 points to end at 5.960 and Aboitiz Power Corp (PS:AP) shed 1.52% or 0.60 points to 38.80.
Advancing stocks outnumbered falling ones by 114 to 80 and 44 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold Futures for August delivery was up 0.27% or 3.41 to $1283.61 a troy ounce. Meanwhile, Crude oil for delivery in July rose 0.82% or 0.39 to hit $48.05 a barrel, while the August Brent oil contract rose 0.76% or 0.38 to trade at $50.33 a barrel.
CNY/PHP was up 0.28% to 7.2642, while USD/PHP rose 0.10% to 49.406.
The US Dollar Index Futures was up 0.12% at 96.73.