Investing.com – Philippines equities were higher at the close on Wednesday, as gains in the Property, Mining & Oil and Services sectors propelled shares higher.
At the close in Philippines, the PSEi Composite rose 0.33%.
The biggest gainers of the session on the PSEi Composite were Ayala Land Inc (PS:ALI), which rose 3.20% or 1.400 points to trade at 45.100 at the close. Semirara Mining Corp (PS:SCC) added 2.25% or 0.80 points to end at 36.40 and DMCI Holdings Inc (PS:DMC) was up 2.19% or 0.300 points to 14.000 in late trade.
Biggest losers included Metro Pacific Investments Corp (PS:MPI), which lost 8.65% or 0.530 points to trade at 5.600 in late trade. GT Capital Holdings Inc (PS:GTCAP) declined 1.89% or 25.00 points to end at 1300.00 and Robinsons Land Corp (PS:RLC) shed 1.43% or 0.300 points to 20.650.
Declining stocks outnumbered rising ones by 124 to 85 and 50 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold Futures for April delivery was up 0.32% or 4.30 to $1334.70 a troy ounce. Meanwhile, Crude oil for delivery in March fell 0.59% or 0.35 to hit $58.84 a barrel, while the April Brent oil contract fell 0.43% or 0.27 to trade at $62.45 a barrel.
CNY/PHP was up 0.08% to 8.2151, while USD/PHP rose 0.13% to 52.104.
The US Dollar Index Futures was down 0.15% at 89.47.