Investing.com – Philippines equities were higher at the close on Wednesday, as gains in the Services, Banking & Financials and Mining & Oil sectors propelled shares higher.
At the close in Philippines, the PSEi Composite added 0.42%.
The biggest gainers of the session on the PSEi Composite were Megaworld Corp (PS:MEG), which rose 5.51% or 0.190 points to trade at 3.640 at the close. Metro Pacific Investments Corp (PS:MPI) added 4.13% or 0.250 points to end at 6.310 and JG Summit Holdings Inc (PS:JGS) was up 3.77% or 2.500 points to 68.800 in late trade.
Biggest losers included San Miguel Corp (PS:SMC), which lost 4.14% or 4.100 points to trade at 94.900 in late trade. Jollibee Foods Corp (PS:JFC) declined 2.56% or 5.000 points to end at 190.000 and Robinsons Land Corp (PS:RLC) shed 2.31% or 0.600 points to 25.400.
Advancing stocks outnumbered falling ones by 108 to 48 and 48 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for February delivery was up 0.18% or 2.05 to $1135.65 a troy ounce. Meanwhile, Crude oil for delivery in February rose 0.81% or 0.43 to hit $53.73 a barrel, while the February Brent oil contract rose 0.87% or 0.48 to trade at $55.83 a barrel.
CNY/PHP was down 0.11% to 7.1841, while USD/PHP fell 0.11% to 49.935.
The US Dollar Index was down 0.06% at 103.20.