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Philippines shares higher at close of trade; PSEi Composite up 1.09%

Published 27/02/2018, 08:35
Philippines shares higher at close of trade; PSEi Composite up 1.09%

Investing.com – Philippines equities were higher at the close on Tuesday, as gains in the Industrials, Holding Firms and Banking & Financials sectors propelled shares higher.

At the close in Philippines, the PSEi Composite rose 1.09%.

The biggest gainers of the session on the PSEi Composite were JG Summit Holdings Inc (PS:JGS), which rose 5.63% or 4.000 points to trade at 75.000 at the close. BDO Unibank Inc (PS:BDO) added 4.67% or 7.00 points to end at 157.00 and Megaworld Corp (PS:MEG) was up 4.35% or 0.200 points to 4.800 in late trade.

Biggest losers included Semirara Mining Corp (PS:SCC), which lost 3.14% or 1.20 points to trade at 37.00 in late trade. First Gen Corp (PS:FGEN) declined 2.03% or 0.30 points to end at 14.50 and Aboitiz Equity Ventures Inc (PS:AEV) shed 1.90% or 1.500 points to 77.500.

Advancing stocks outnumbered falling ones by 118 to 94 and 43 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for April delivery was up 0.17% or 2.30 to $1335.10 a troy ounce. Meanwhile, Crude oil for delivery in April fell 0.38% or 0.24 to hit $63.67 a barrel, while the May Brent oil contract fell 0.31% or 0.21 to trade at $67.08 a barrel.

CNY/PHP was up 0.73% to 8.2691, while USD/PHP rose 0.46% to 52.106.

The US Dollar Index Futures was down 0.06% at 89.72.

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