Investing.com – Philippines equities were higher at the close on Friday, as gains in the Services, Property and Holding Firms sectors propelled shares higher.
At the close in Philippines, the PSEi Composite rose 0.93% to hit a new 52-week high.
The biggest gainers of the session on the PSEi Composite were Philippine Long Distance Telephone Company (PS:TEL), which rose 3.45% or 72.00 points to trade at 2160.00 at the close. Alliance Global Group Inc (PS:AGI) added 1.88% or 0.300 points to end at 16.300 and Energy Development Corp (PS:EDC) was up 1.77% or 0.100 points to 5.750 in late trade.
Biggest losers included First Gen Corp (PS:FGEN), which lost 1.41% or 0.35 points to trade at 24.50 in late trade. Philex Mining Corp (PS:PX) declined 1.24% or 0.110 points to end at 8.790 and LT Group Inc (PS:LTG) shed 1.00% or 0.160 points to 15.840.
Advancing stocks outnumbered falling ones by 106 to 79 and 43 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for August delivery was up 0.09% or 1.25 to $1333.45 a troy ounce. Meanwhile, Crude oil for delivery in August fell 1.09% or 0.50 to hit $45.18 a barrel, while the September Brent oil contract fell 1.20% or 0.57 to trade at $46.80 a barrel.
CNY/PHP was down 0.60% to 6.9986, while USD/PHP fell 0.65% to 46.755.
The US Dollar Index was down 0.17% at 95.94.