Investing.com – Philippines equities were higher at the close on Monday, as gains in the Property, Holding Firms and Banking & Financials sectors propelled shares higher.
At the close in Philippines, the PSEi Composite gained 1.21% to hit a new 52-week high.
The biggest gainers of the session on the PSEi Composite were Megaworld Corp (PS:MEG), which rose 4.30% or 0.200 points to trade at 4.850 at the close. Metro Pacific Investments Corp (PS:MPI) added 2.93% or 0.200 points to end at 7.020 and SM Prime Holdings Inc (PS:SMPH) was up 2.91% or 0.800 points to 28.300 in late trade.
Biggest losers included Petron Corp (PS:PCOR), which lost 1.75% or 0.180 points to trade at 10.100 in late trade. Semirara Mining Corp (PS:SCC) declined 0.74% or 0.9000 points to end at 121.0000 and Bank of the Philippine Islands (PS:BPI) shed 0.20% or 0.20 points to 98.80.
Advancing stocks outnumbered falling ones by 129 to 72 and 41 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for August delivery was up 0.14% or 1.95 to $1360.35 a troy ounce. Meanwhile, Crude oil for delivery in August fell 1.61% or 0.73 to hit $44.68 a barrel, while the September Brent oil contract fell 1.54% or 0.72 to trade at $46.04 a barrel.
CNY/PHP was up 0.38% to 7.0712, while USD/PHP rose 0.38% to 47.295.
The US Dollar Index was up 0.36% at 96.66.