Investing.com – Philippines equities were higher at the close on Monday, as gains in the Property, Holding Firms and Mining & Oil sectors propelled shares higher.
At the close in Philippines, the PSEi Composite gained 0.57%.
The biggest gainers of the session on the PSEi Composite were Ayala Land Inc (PS:ALI), which rose 3.13% or 1.200 points to trade at 39.550 at the close. Metro Pacific Investments Corp (PS:MPI) added 2.62% or 0.170 points to end at 6.670 and SM Investments Corp (PS:SM) was up 2.13% or 20.500 points to 982.000 in late trade.
Biggest losers included Alliance Global Group Inc (PS:AGI), which lost 1.26% or 0.200 points to trade at 15.700 in late trade. Universal Robina Corp (PS:URC) declined 1.16% or 2.400 points to end at 204.600 and Philex Mining Corp (PS:PX) shed 0.98% or 0.090 points to 9.120.
Declining stocks outnumbered rising ones by 97 to 96 and 49 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for August delivery was down 0.34% or 4.40 to $1290.40 a troy ounce. Meanwhile, Crude oil for delivery in August rose 1.71% or 0.83 to hit $49.39 a barrel, while the August Brent oil contract rose 1.97% or 0.97 to trade at $50.14 a barrel.
CNY/PHP was down 0.16% to 7.0362, while USD/PHP fell 0.29% to 46.295.
The US Dollar Index was down 0.64% at 93.70.