Investing.com – Philippines equities were higher at the close on Friday, as gains in the Mining & Oil, Banking & Financials and Property sectors propelled shares higher.
At the close in Philippines, the PSEi Composite added 0.44% to hit a new 52-week high.
The biggest gainers of the session on the PSEi Composite were Alliance Global Group Inc (PS:AGI), which rose 2.70% or 0.400 points to trade at 15.200 at the close. SM Investments Corp (PS:SM) added 2.38% or 23.000 points to end at 990.000 and Manila Electric Co (PS:MER) was up 1.87% or 5.800 points to 315.800 in late trade.
Biggest losers included Metro Pacific Investments Corp (PS:MPI), which lost 2.87% or 0.200 points to trade at 6.770 in late trade. JG Summit Holdings Inc (PS:JGS) declined 1.74% or 1.500 points to end at 84.500 and Metropolitan Bank and Trust Co (PS:MBT) shed 1.49% or 1.35 points to 89.00.
Advancing stocks outnumbered falling ones by 96 to 81 and 49 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for August delivery was up 1.22% or 16.10 to $1336.70 a troy ounce. Meanwhile, Crude oil for delivery in August fell 0.31% or 0.15 to hit $48.18 a barrel, while the September Brent oil contract fell 0.38% or 0.19 to trade at $49.52 a barrel.
CNY/PHP was down 0.34% to 7.0498, while USD/PHP fell 0.20% to 46.935.
The US Dollar Index was down 0.06% at 95.89.