Investing.com – Philippines equities were higher at the close on Tuesday, as gains in the Property, Banking & Financials and Services sectors propelled shares higher.
At the close in Philippines, the PSEi Composite added 1.43% to hit a new 3-month high.
The biggest gainers of the session on the PSEi Composite were Megaworld Corp (PS:MEG), which rose 3.20% or 0.110 points to trade at 3.550 at the close. Ayala Corp (PS:AC) added 3.06% or 26.00 points to end at 875.00 and SM Prime Holdings Inc (PS:SMPH) was up 2.96% or 0.850 points to 29.550 in late trade.
Biggest losers included Energy Development Corp (PS:EDC), which lost 2.30% or 0.140 points to trade at 5.950 in late trade. GT Capital Holdings Inc (PS:GTCAP) declined 1.23% or 14.00 points to end at 1120.00 and Manila Electric Co (PS:MER) shed 0.43% or 1.20 points to 274.80.
Advancing stocks outnumbered falling ones by 114 to 78 and 42 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold Futures for June delivery was up 0.55% or 6.95 to $1260.95 a troy ounce. Meanwhile, Crude oil for delivery in May fell 0.32% or 0.16 to hit $50.08 a barrel, while the June Brent oil contract fell 0.34% or 0.18 to trade at $52.94 a barrel.
CNY/PHP was down 0.02% to 7.2850, while USD/PHP rose 0.09% to 50.181.
The US Dollar Index Futures was up 0.11% at 100.47.