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Philippines shares higher at close of trade; PSEi Composite up 0.02%

Published 2017-08-31, 04:35 a/m
Updated 2017-08-31, 04:35 a/m
Philippines shares higher at close of trade; PSEi Composite up 0.02%

Investing.com – Philippines equities were higher at the close on Thursday, as gains in the Mining & Oil, Banking & Financials and Services sectors propelled shares higher.

At the close in Philippines, the PSEi Composite rose 0.02%.

The biggest gainers of the session on the PSEi Composite were Bank of the Philippine Islands (PS:BPI), which rose 2.32% or 2.40 points to trade at 105.90 at the close. Ayala Corp (PS:AC) added 2.28% or 20.50 points to end at 920.00 and DMCI Holdings Inc (PS:DMC) was up 2.21% or 0.340 points to 15.700 in late trade.

Biggest losers included Universal Robina Corp (PS:URC), which lost 1.88% or 2.80 points to trade at 146.10 in late trade. LT Group Inc (PS:LTG) declined 1.56% or 0.280 points to end at 17.720 and Metro Pacific Investments Corp (PS:MPI) shed 1.55% or 0.100 points to 6.350.

Advancing stocks outnumbered falling ones by 101 to 84 and 63 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was down 0.14% or 1.83 to $1312.27 a troy ounce. Meanwhile, Crude oil for delivery in October rose 0.39% or 0.18 to hit $46.14 a barrel, while the November Brent oil contract rose 0.10% or 0.05 to trade at $50.78 a barrel.

CNY/PHP was down 0.14% to 7.7603, while USD/PHP rose 0.10% to 51.200.

The US Dollar Index Futures was up 0.08% at 92.91.

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