Investing.com – Philippines equities were higher at the close on Thursday, as gains in the Mining & Oil, Industrials and Banking & Financials sectors propelled shares higher.
At the close in Philippines, the PSEi Composite gained 0.84%.
The biggest gainers of the session on the PSEi Composite were Philex Mining Corp (PS:PX), which rose 7.75% or 0.670 points to trade at 9.320 at the close. Bloomberry Resorts Corp (PS:BLOOM) added 7.36% or 0.390 points to end at 5.690 and Manila Electric Co (PS:MER) was up 3.17% or 10.000 points to 325.000 in late trade.
Biggest losers included San Miguel Corp (PS:SMC), which lost 1.00% or 0.800 points to trade at 79.000 in late trade. Alliance Global Group Inc (PS:AGI) declined 0.38% or 0.060 points to end at 15.900 and Ayala Land Inc (PS:ALI) shed 0.26% or 0.100 points to 37.850.
Advancing stocks outnumbered falling ones by 117 to 58 and 55 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for August delivery was up 1.78% or 22.95 to $1311.25 a troy ounce. Meanwhile, Crude oil for delivery in July fell 1.40% or 0.67 to hit $47.34 a barrel, while the August Brent oil contract fell 1.41% or 0.69 to trade at $48.28 a barrel.
CNY/PHP was up 0.14% to 7.0472, while USD/PHP rose 0.17% to 46.400.
The US Dollar Index was down 0.21% at 94.47.