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Philippines shares higher at close of trade; PSEi Composite up 0.30%

Published 2017-01-03, 03:35 a/m
Philippines shares higher at close of trade; PSEi Composite up 0.30%
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Investing.com – Philippines equities were higher at the close on Tuesday, as gains in the Mining & Oil, Industrials and Holding Firms sectors propelled shares higher.

At the close in Philippines, the PSEi Composite added 0.30%.

The biggest gainers of the session on the PSEi Composite were JG Summit Holdings Inc (PS:JGS), which rose 3.40% or 2.300 points to trade at 69.950 at the close. Jollibee Foods Corp (PS:JFC) added 3.09% or 6.000 points to end at 200.000 and GT Capital Holdings Inc (PS:GTCAP) was up 2.36% or 30.000 points to 1300.000 in late trade.

Biggest losers included First Gen Corp (PS:FGEN), which lost 2.95% or 0.65 points to trade at 21.35 in late trade. Metro Pacific Investments Corp (PS:MPI) declined 2.40% or 0.160 points to end at 6.500 and Energy Development Corp (PS:EDC) shed 1.36% or 0.070 points to 5.080.

Advancing stocks outnumbered falling ones by 89 to 78 and 42 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold for February delivery was down 0.04% or 0.45 to $1151.25 a troy ounce. Meanwhile, Crude oil for delivery in February rose 0.74% or 0.40 to hit $54.12 a barrel, while the March Brent oil contract rose 0.76% or 0.43 to trade at $57.25 a barrel.

CNY/PHP was up 0.27% to 7.1678, while USD/PHP rose 0.11% to 49.784.

The US Dollar Index was up 0.67% at 103.06.

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