Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

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%
PSI
-
PSPR
-
PSHO
-
PSSE
-
AEV
-
ALI
-
MEG
-
PCOR
-
SM
-
LTG
-

Investing.com – 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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.