Investing.com – Philippines equities were higher at the close on Wednesday, as gains in the Property, Holding Firms and Services sectors propelled shares higher.
At the close in Philippines, the PSEi Composite added 1.59%.
The biggest gainers of the session on the PSEi Composite were Ayala Land Inc (PS:ALI), which rose 4.76% or 1.500 points to trade at 33.000 at the close. First Gen Corp (PS:FGEN) added 4.14% or 0.90 points to end at 22.65 and SM Prime Holdings Inc (PS:SMPH) was up 3.85% or 1.000 points to 27.000 in late trade.
Biggest losers included Megaworld Corp (PS:MEG), which lost 1.32% or 0.050 points to trade at 3.750 in late trade. DMCI Holdings Inc (PS:DMC) declined 0.62% or 0.080 points to end at 12.920 and Aboitiz Power Corp (PS:AP) shed 0.58% or 0.25 points to 42.65.
Advancing stocks outnumbered falling ones by 104 to 74 and 45 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for December delivery was up 0.23% or 2.85 to $1227.35 a troy ounce. Meanwhile, Crude oil for delivery in December fell 0.50% or 0.23 to hit $45.58 a barrel, while the January Brent oil contract fell 0.47% or 0.22 to trade at $46.73 a barrel.
CNY/PHP was up 0.16% to 7.1878, while USD/PHP rose 0.41% to 49.382.
The US Dollar Index was unchanged 0.00% at 100.20.