Investing.com – Philippines equities were higher at the close on Monday, as gains in the Services, Banking & Financials and Mining & Oil sectors propelled shares higher.
At the close in Philippines, the PSEi Composite added 0.39% to hit a new 1-month high.
The biggest gainers of the session on the PSEi Composite were Globe Telecom Inc (PS:GLO), which rose 6.29% or 106.000 points to trade at 1790.000 at the close. PLDT Inc (PS:TEL) added 4.21% or 62.00 points to end at 1536.00 and SM Prime Holdings Inc (PS:SMPH) was up 2.00% or 0.600 points to 30.600 in late trade.
Biggest losers included San Miguel Corp (PS:SMC), which lost 2.61% or 2.550 points to trade at 95.150 in late trade. LT Group Inc (PS:LTG) declined 2.42% or 0.320 points to end at 12.880 and Ayala Land Inc (PS:ALI) shed 1.59% or 0.550 points to 33.950.
Advancing stocks outnumbered falling ones by 105 to 86 and 48 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for February delivery was up 0.29% or 3.35 to $1176.75 a troy ounce. Meanwhile, Crude oil for delivery in February fell 0.43% or 0.23 to hit $53.76 a barrel, while the March Brent oil contract fell 0.40% or 0.23 to trade at $56.87 a barrel.
CNY/PHP was down 0.16% to 7.1470, while USD/PHP rose 0.06% to 49.553.
The US Dollar Index was up 0.03% at 102.20.