Investing.com – Philippines equities were higher at the close on Wednesday, as gains in the Mining & Oil, Services and Industrials sectors propelled shares higher.
At the close in Philippines, the PSEi Composite added 0.31%.
The biggest gainers of the session on the PSEi Composite were JG Summit Holdings Inc (PS:JGS), which rose 5.15% or 3.500 points to trade at 71.500 at the close. Universal Robina Corp (PS:URC) added 4.17% or 6.00 points to end at 150.00 and Globe Telecom Inc (PS:GLO) was up 3.51% or 59.00 points to 1739.00 in late trade.
Biggest losers included SM Investments Corp (PS:SM), which lost 1.52% or 15.00 points to trade at 975.00 in late trade. Aboitiz Equity Ventures Inc (PS:AEV) declined 1.30% or 0.900 points to end at 68.400 and LT Group Inc (PS:LTG) shed 1.08% or 0.200 points to 18.280.
Advancing stocks outnumbered falling ones by 97 to 96 and 43 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold Futures for February delivery was up 0.17% or 2.10 to $1243.80 a troy ounce. Meanwhile, Crude oil for delivery in January rose 0.96% or 0.55 to hit $57.69 a barrel, while the February Brent oil contract rose 1.23% or 0.78 to trade at $64.12 a barrel.
CNY/PHP was down 0.11% to 7.6183, while USD/PHP fell 0.12% to 50.440.
The US Dollar Index Futures was down 0.02% at 94.04.