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Philippines shares higher at close of trade; PSEi Composite up 1.04%

Published 2017-10-02, 04:35 a/m
Philippines shares higher at close of trade; PSEi Composite up 1.04%
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Investing.com – Philippines equities were higher at the close on Monday, as gains in the Holding Firms, Property and Banking & Financials sectors propelled shares higher.

At the close in Philippines, the PSEi Composite rose 1.04%.

The biggest gainers of the session on the PSEi Composite were JG Summit Holdings Inc (PS:JGS), which rose 4.13% or 3.100 points to trade at 78.100 at the close. GT Capital Holdings Inc (PS:GTCAP) added 3.88% or 45.00 points to end at 1206.00 and Robinsons Land Corp (PS:RLC) was up 3.16% or 0.800 points to 26.100 in late trade.

Biggest losers included Energy Development Corp (PS:EDC), which lost 1.96% or 0.110 points to trade at 5.510 in late trade. Emperador Inc (PS:EMP) declined 1.93% or 0.140 points to end at 7.100 and PLDT Inc (PS:TEL) shed 1.74% or 29.00 points to 1639.00.

Advancing stocks outnumbered falling ones by 107 to 96 and 52 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was down 0.67% or 8.66 to $1276.14 a troy ounce. Meanwhile, Crude oil for delivery in November fell 0.37% or 0.19 to hit $51.48 a barrel, while the December Brent oil contract fell 0.25% or 0.14 to trade at $56.65 a barrel.

CNY/PHP was up 0.46% to 7.6854, while USD/PHP rose 0.40% to 51.100.

The US Dollar Index Futures was up 0.55% at 93.42.

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