Investing.com – Philippines equities were higher at the close on Wednesday, as gains in the Property, Mining & Oil and Services sectors propelled shares higher.
At the close in Philippines, the PSEi Composite rose 0.08% to hit a new 52-week high.
The biggest gainers of the session on the PSEi Composite were Petron Corp (PS:PCOR), which rose 3.16% or 0.340 points to trade at 11.100 at the close. Energy Development Corp (PS:EDC) added 2.70% or 0.150 points to end at 5.700 and Alliance Global Group Inc (PS:AGI) was up 2.09% or 0.320 points to 15.600 in late trade.
Biggest losers included Globe Telecom Inc (PS:GLO), which lost 1.53% or 36.000 points to trade at 2314.000 in late trade. Metro Pacific Investments Corp (PS:MPI) declined 1.41% or 0.100 points to end at 7.000 and Robinsons Land Corp (PS:RLC) shed 1.29% or 0.400 points to 30.600.
Advancing stocks outnumbered falling ones by 99 to 85 and 58 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for August delivery was up 0.57% or 7.60 to $1342.90 a troy ounce. Meanwhile, Crude oil for delivery in August fell 1.45% or 0.68 to hit $46.12 a barrel, while the September Brent oil contract fell 1.71% or 0.83 to trade at $47.64 a barrel.
CNY/PHP was up 0.05% to 7.0557, while USD/PHP fell 0.20% to 47.221.
The US Dollar Index was up 0.01% at 96.56.