Investing.com – Philippines equities were higher at the close on Wednesday, as gains in the Mining & Oil, Banking & Financials and Property sectors propelled shares higher.
At the close in Philippines, the PSEi Composite rose 0.13% to hit a new 6-month high.
The biggest gainers of the session on the PSEi Composite were Alliance Global Group Inc (PS:AGI), which rose 2.39% or 0.340 points to trade at 14.580 at the close. Robinsons Land Corp (PS:RLC) added 1.89% or 0.550 points to end at 29.650 and International Container Terminal Services Inc (PS:ICT) was up 1.66% or 1.050 points to 64.400 in late trade.
Biggest losers included Megaworld Corp (PS:MEG), which lost 2.28% or 0.100 points to trade at 4.280 in late trade. Philex Mining Corp (PS:PX) declined 2.19% or 0.160 points to end at 7.140 and Manila Electric Co (PS:MER) shed 1.48% or 5.000 points to 333.000.
Advancing stocks outnumbered falling ones by 98 to 97 and 38 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for June delivery was down 0.38% or 4.85 to $1272.05 a troy ounce. Meanwhile, Crude oil for delivery in June fell 0.41% or 0.20 to hit $48.11 a barrel, while the July Brent oil contract fell 0.67% or 0.33 to trade at $48.95 a barrel.
CNY/PHP was up 0.15% to 7.1439, while USD/PHP rose 0.53% to 46.682.
The US Dollar Index was up 0.36% at 94.89.