Investing.com – Philippines equities were higher at the close on Thursday, as gains in the Mining & Oil, Industrials and Holding Firms sectors propelled shares higher.
At the close in Philippines, the PSEi Composite rose 0.44% to hit a new all time high.
The biggest gainers of the session on the PSEi Composite were Jg Summit (PS:JGS), which rose 3.39% or 2.350 points to trade at 71.700 at the close. Energy Develop (PS:EDC) added 2.66% or 0.220 points to end at 8.490 and First Gen (PS:FGEN) was up 1.90% or 0.55 points to 29.50 in late trade.
Biggest losers included Sm Prime Hldgs (PS:SMPH), which lost 1.49% or 0.300 points to trade at 19.900 in late trade. Philex Mining (PS:PX) declined 1.32% or 0.100 points to end at 7.500 and Bdo Unibank (PS:BDO) shed 1.32% or 1.60 points to 119.90.
Declining stocks outnumbered rising ones by 90 to 90 and 15 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for April delivery was up 1.12% or 13.40 to $1210.40 a troy ounce. Meanwhile, Crude oil for delivery in May rose 3.11% or 1.53 to hit $50.74 a barrel, while the May Brent oil contract rose 3.24% or 1.83 to trade at $58.31 a barrel.
CNY/PHP was up 0.05% to 7.2085, while USD/PHP rose 0.04% to 44.770.
The US Dollar Index was down 0.50% at 96.59.