Investing.com – Philippines equities were higher at the close on Wednesday, as gains in the Services, Industrials and Mining & Oil sectors propelled shares higher.
At the close in Philippines, the PSEi Composite rose 0.25%.
The biggest gainers of the session on the PSEi Composite were Alliance Global Group Inc (PS:AGI), which rose 5.48% or 0.880 points to trade at 16.940 at the close. Petron Corp (PS:PCOR) added 3.59% or 0.380 points to end at 10.960 and Philippine Long Distance Telephone Company (PS:TEL) was up 3.02% or 58.00 points to 1978.00 in late trade.
Biggest losers included Globe Telecom Inc (PS:GLO), which lost 2.77% or 60.000 points to trade at 2106.000 in late trade. Aboitiz Equity Ventures Inc (PS:AEV) declined 1.18% or 0.750 points to end at 63.050 and Bloomberry Resorts Corp (PS:BLOOM) shed 1.13% or 0.060 points to 5.230.
Advancing stocks outnumbered falling ones by 96 to 67 and 34 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for April delivery was down 1.03% or 12.90 to $1235.70 a troy ounce. Meanwhile, Crude oil for delivery in May fell 0.87% or 0.36 to hit $41.09 a barrel, while the May Brent oil contract fell 0.74% or 0.31 to trade at $41.48 a barrel.
CNY/PHP was up 0.11% to 7.1387, while USD/PHP rose 0.19% to 46.370.
The US Dollar Index was up 0.19% at 95.85.