Investing.com – Philippines equities were higher at the close on Wednesday, as gains in the Banking & Financials, Industrials and Holding Firms sectors propelled shares higher.
At the close in Philippines, the PSEi Composite added 0.20% to hit a new 52-week high.
The biggest gainers of the session on the PSEi Composite were Robinsons Land Corp (PS:RLC), which rose 3.45% or 1.100 points to trade at 32.950 at the close. San Miguel Corp (PS:SMC) added 2.56% or 2.000 points to end at 80.000 and Energy Development Corp (PS:EDC) was up 1.75% or 0.100 points to 5.800 in late trade.
Biggest losers included Bloomberry Resorts Corp (PS:BLOOM), which lost 4.07% or 0.260 points to trade at 6.130 in late trade. International Container Terminal Services Inc (PS:ICT) declined 1.73% or 1.100 points to end at 62.600 and Globe Telecom Inc (PS:GLO) shed 1.71% or 40.000 points to 2300.000.
Advancing stocks outnumbered falling ones by 112 to 78 and 53 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for August delivery was down 0.42% or 5.55 to $1326.75 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.15% or 0.07 to hit $45.38 a barrel, while the September Brent oil contract fell 0.15% or 0.07 to trade at $46.59 a barrel.
CNY/PHP was up 0.67% to 7.0529, while USD/PHP rose 0.40% to 47.110.
The US Dollar Index was up 0.23% at 97.28.