Investing.com – Philippines equities were higher at the close on Monday, as gains in the Holding Firms, Banking & Financials and Services sectors propelled shares higher.
At the close in Philippines, the PSEi Composite rose 0.27% to hit a new all time high.
The biggest gainers of the session on the PSEi Composite were Phi Long Dis T (PS:TEL), which rose 2.40% or 68.00 points to trade at 2830.00 at the close. Ayala Land (PS:ALI) added 2.26% or 0.850 points to end at 37.600 and Globe Telecom (PS:GLO) was up 1.90% or 38.000 points to 2040.000 in late trade.
Biggest losers included Sm Prime Hldgs (PS:SMPH), which lost 2.73% or 0.550 points to trade at 19.600 in late trade. Philex Mining (PS:PX) declined 2.25% or 0.170 points to end at 7.400 and Alliance Globa (PS:AGI) shed 1.67% or 0.450 points to 26.500.
Declining stocks outnumbered rising ones by 116 to 84 and 13 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for June delivery was down 1.00% or 12.00 to $1188.70 a troy ounce. Meanwhile, Crude oil for delivery in May fell 0.94% or 0.46 to hit $48.41 a barrel, while the May Brent oil contract fell 0.16% or 0.09 to trade at $56.32 a barrel.
CNY/PHP was up 0.15% to 7.2142, while USD/PHP rose 0.01% to 44.775.
The US Dollar Index was up 0.32% at 97.93.