Investing.com – Philippines equities were higher at the close on Wednesday, as gains in the Holding Firms, Mining & Oil and Industrials sectors propelled shares higher.
At the close in Philippines, the PSEi Composite added 0.28%.
The biggest gainers of the session on the PSEi Composite were JG Summit Holdings Inc (PS:JGS), which rose 3.49% or 2.600 points to trade at 77.000 at the close. Robinsons Land Corp (PS:RLC) added 3.45% or 0.850 points to end at 25.500 and Security Bank Corp (PS:SECB) was up 2.41% or 6.00 points to 255.00 in late trade.
Biggest losers included Metropolitan Bank and Trust Co (PS:MBT), which lost 2.79% or 2.50 points to trade at 87.00 in late trade. GT Capital Holdings Inc (PS:GTCAP) declined 2.42% or 28.00 points to end at 1127.00 and Manila Electric Co (PS:MER) shed 1.81% or 5.20 points to 282.40.
Declining stocks outnumbered rising ones by 106 to 91 and 40 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold Futures for December delivery was down 0.28% or 3.58 to $1274.72 a troy ounce. Meanwhile, Crude oil for delivery in December fell 0.44% or 0.23 to hit $52.24 a barrel, while the December Brent oil contract fell 0.22% or 0.13 to trade at $58.20 a barrel.
CNY/PHP was down 0.17% to 7.7957, while USD/PHP rose 0.44% to 51.765.
The US Dollar Index Futures was down 0.05% at 93.78.
Should you invest $1,000 in JGS right now?
Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks AI – 6 model portfolios powered by AI stock picks with a stellar performance in 2024.
Unlock ProPicks to find out