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Philippines shares higher at close of trade; PSEi Composite up 0.50%

Published 2017-07-06, 04:35 a/m
Updated 2017-07-06, 04:35 a/m
Philippines shares higher at close of trade; PSEi Composite up 0.50%

Philippines shares higher at close of trade; PSEi Composite up 0.50%

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

At the close in Philippines, the PSEi Composite rose 0.50%.

The biggest gainers of the session on the PSEi Composite were Metro Pacific Investments Corp (PS:MPI), which rose 4.04% or 0.260 points to trade at 6.690 at the close. Megaworld Corp (PS:MEG) added 2.42% or 0.110 points to end at 4.660 and LT Group Inc (PS:LTG) was up 2.22% or 0.340 points to 15.640 in late trade.

Biggest losers included Petron Corp (PS:PCOR), which lost 1.31% or 0.130 points to trade at 9.800 in late trade. Globe Telecom Inc (PS:GLO) declined 1.06% or 22.00 points to end at 2058.00 and Bank of the Philippine Islands (PS:BPI) shed 0.77% or 0.80 points to 103.00.

Advancing stocks outnumbered falling ones by 106 to 94 and 55 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for August delivery was up 0.15% or 1.82 to $1223.52 a troy ounce. Meanwhile, Crude oil for delivery in August rose 1.62% or 0.73 to hit $45.86 a barrel, while the September Brent oil contract rose 1.51% or 0.72 to trade at $48.51 a barrel.

CNY/PHP was down 0.02% to 7.4425, while USD/PHP rose 0.15% to 50.660.

The US Dollar Index Futures was up 0.03% at 96.00.

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