Investing.com – Philippines equities were higher at the close on Thursday, as gains in the Services, Property and Holding Firms sectors propelled shares higher.
At the close in Philippines, the PSEi Composite rose 0.96% to hit a new 6-month high.
The biggest gainers of the session on the PSEi Composite were Globe Telecom Inc (PS:GLO), which rose 3.80% or 76.00 points to trade at 2076.00 at the close. Universal Robina Corp (PS:URC) added 2.35% or 4.10 points to end at 178.30 and Metropolitan Bank and Trust Co (PS:MBT) was up 2.19% or 1.85 points to 86.50 in late trade.
Biggest losers included San Miguel Corp (PS:SMC), which lost 4.11% or 4.50 points to trade at 105.00 in late trade. Energy Development Corp (PS:EDC) declined 2.64% or 0.160 points to end at 5.900 and Manila Electric Co (PS:MER) shed 1.08% or 3.00 points to 276.00.
Advancing stocks outnumbered falling ones by 116 to 80 and 47 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold Futures for June delivery was down 0.89% or 11.07 to $1237.43 a troy ounce. Meanwhile, Crude oil for delivery in June fell 0.69% or 0.33 to hit $47.49 a barrel, while the July Brent oil contract fell 0.61% or 0.31 to trade at $50.48 a barrel.
CNY/PHP was down 0.10% to 7.2368, while USD/PHP fell 0.16% to 49.890.
The US Dollar Index Futures was down 0.20% at 99.06.