Investing.com – Philippines equities were higher at the close on Wednesday, as gains in the Services, Property and Industrials sectors propelled shares higher.
At the close in Philippines, the PSEi Composite added 0.25% to hit a new 1-month high.
The biggest gainers of the session on the PSEi Composite were DMCI Holdings Inc (PS:DMC), which rose 3.15% or 0.480 points to trade at 15.720 at the close. SM Prime Holdings Inc (PS:SMPH) added 1.62% or 0.550 points to end at 34.500 and Jollibee Foods Corp (PS:JFC) was up 1.57% or 3.40 points to 220.40 in late trade.
Biggest losers included Metro Pacific Investments Corp (PS:MPI), which lost 1.44% or 0.100 points to trade at 6.850 in late trade. Metropolitan Bank and Trust Co (PS:MBT) declined 1.34% or 1.25 points to end at 91.70 and Robinsons Land Corp (PS:RLC) shed 1.20% or 0.300 points to 24.700.
Advancing stocks outnumbered falling ones by 116 to 80 and 59 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold Futures for August delivery was down 0.35% or 4.36 to $1237.54 a troy ounce. Meanwhile, Crude oil for delivery in August fell 0.22% or 0.10 to hit $46.30 a barrel, while the September Brent oil contract fell 0.16% or 0.08 to trade at $48.76 a barrel.
CNY/PHP was up 0.16% to 7.5366, while USD/PHP rose 0.22% to 50.882.
The US Dollar Index Futures was up 0.17% at 94.61.