Investing.com – Philippines equities were higher at the close on Thursday, as gains in the Property, Industrials and Banking & Financials sectors propelled shares higher.
At the close in Philippines, the PSEi Composite added 0.63% to hit a new 52-week high.
The biggest gainers of the session on the PSEi Composite were International Container Terminal Services Inc (PS:ICT), which rose 6.23% or 3.900 points to trade at 66.500 at the close. Metro Pacific Investments Corp (PS:MPI) added 3.73% or 0.270 points to end at 7.500 and SM Prime Holdings Inc (PS:SMPH) was up 3.51% or 1.050 points to 31.000 in late trade.
Biggest losers included Bloomberry Resorts Corp (PS:BLOOM), which lost 5.38% or 0.330 points to trade at 5.800 in late trade. Aboitiz Equity Ventures Inc (PS:AEV) declined 1.66% or 1.400 points to end at 83.000 and BDO Unibank Inc (PS:BDO) shed 0.69% or 0.80 points to 115.00.
Declining stocks outnumbered rising ones by 115 to 75 and 47 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for August delivery was up 0.15% or 1.95 to $1321.25 a troy ounce. Meanwhile, Crude oil for delivery in September rose 0.11% or 0.05 to hit $45.80 a barrel, while the September Brent oil contract fell 0.02% or 0.01 to trade at $47.16 a barrel.
CNY/PHP was up 0.09% to 7.0634, while USD/PHP rose 0.03% to 47.140.
The US Dollar Index was down 0.13% at 97.03.