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Philippines shares higher at close of trade; PSEi Composite up 2.83%

Published 28/12/2016, 08:35
Philippines shares higher at close of trade; PSEi Composite up 2.83%
- – Philippines equities were higher at the close on Wednesday, as gains in the Holding Firms, Property and Services sectors propelled shares higher.

At the close in Philippines, the PSEi Composite added 2.83%.

The biggest gainers of the session on the PSEi Composite were Ayala Land Inc (PS:ALI), which rose 5.14% or 1.550 points to trade at 31.700 at the close. Aboitiz Equity Ventures Inc (PS:AEV) added 4.88% or 3.300 points to end at 70.900 and SM Investments Corp (PS:SM) was up 4.78% or 30.000 points to 657.000 in late trade.

Biggest losers included Petron Corp (PS:PCOR), which lost 2.00% or 0.200 points to trade at 9.800 in late trade. Megaworld Corp (PS:MEG) declined 0.85% or 0.030 points to end at 3.480 and LT Group Inc (PS:LTG) shed 0.78% or 0.100 points to 12.700.

Advancing stocks outnumbered falling ones by 118 to 57 and 47 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold for February delivery was up 0.29% or 3.35 to $1142.15 a troy ounce. Meanwhile, Crude oil for delivery in February rose 0.39% or 0.21 to hit $54.11 a barrel, while the March Brent oil contract rose 0.33% or 0.19 to trade at $57.02 a barrel.

CNY/PHP was up 0.05% to 7.1581, while USD/PHP unchanged 0.00% to 49.800.

The US Dollar Index was up 0.06% at 103.06.

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