Investing.com – Philippines equities were higher at the close on Wednesday, as gains in the Property, Services and Industrials sectors propelled shares higher.
At the close in Philippines, the PSEi Composite rose 1.34%.
The biggest gainers of the session on the PSEi Composite were Manila Electric Co (PS:MER), which rose 3.82% or 11.600 points to trade at 315.000 at the close. SM Investments Corp (PS:SM) added 3.72% or 35.000 points to end at 975.000 and International Container Terminal Services Inc (PS:ICT) was up 3.36% or 1.900 points to 58.450 in late trade.
Biggest losers included Bloomberry Resorts Corp (PS:BLOOM), which lost 2.86% or 0.120 points to trade at 4.080 in late trade. San Miguel Corp (PS:SMC) declined 2.74% or 2.250 points to end at 79.750 and Megaworld Corp (PS:MEG) shed 2.22% or 0.100 points to 4.400.
Advancing stocks outnumbered falling ones by 94 to 68 and 48 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for August delivery was up 0.09% or 1.15 to $1218.65 a troy ounce. Meanwhile, Crude oil for delivery in July fell 1.00% or 0.49 to hit $48.61 a barrel, while the August Brent oil contract fell 1.16% or 0.58 to trade at $49.31 a barrel.
CNY/PHP was down 0.18% to 7.0902, while USD/PHP fell 0.25% to 46.650.
The US Dollar Index was down 0.18% at 95.66.