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Philippines shares higher at close of trade; PSEi Composite up 0.72%

Published 2016-03-11, 03:35 a/m
Philippines shares higher at close of trade; PSEi Composite up 0.72%
PSI
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PSFI
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PSMO
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PSSE
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BLOOM
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ICT
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PCOR
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SCC
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SMPH
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Investing.com – Philippines equities were higher at the close on Friday, as gains in the Mining & Oil, Banking & Financials and Services sectors propelled shares higher.

At the close in Philippines, the PSEi Composite gained 0.72% to hit a new 3-month high.

The biggest gainers of the session on the PSEi Composite were Semirara Mining Corp (PS:SCC), which rose 4.54% or 5.9000 points to trade at 135.9000 at the close. Bloomberry Resorts Corp (PS:BLOOM) added 4.12% or 0.200 points to end at 5.050 and International Container Terminal Services Inc (PS:ICT) was up 3.84% or 2.450 points to 66.300 in late trade.

Biggest losers included San Miguel Corp (PS:SMC), which lost 3.08% or 2.400 points to trade at 75.600 in late trade. SM Prime Holdings Inc (PS:SMPH) declined 1.61% or 0.350 points to end at 21.400 and Petron Corp (PS:PCOR) shed 1.53% or 0.160 points to 10.300.

Advancing stocks outnumbered falling ones by 110 to 56 and 36 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold for April delivery was down 0.26% or 3.30 to $1269.50 a troy ounce. Meanwhile, Crude oil for delivery in April rose 2.06% or 0.78 to hit $38.62 a barrel, while the May Brent oil contract rose 1.67% or 0.67 to trade at $40.72 a barrel.

CNY/PHP was down 0.18% to 7.1754, while USD/PHP fell 0.12% to 46.640.

The US Dollar Index was up 0.42% at 96.59.

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