Investing.com – Philippines equities were higher at the close on Wednesday, as gains in the Property, Banking & Financials and Industrials sectors propelled shares higher.
At the close in Philippines, the PSEi Composite added 1.85% to hit a new 3-month high.
The biggest gainers of the session on the PSEi Composite were Ayala Land Inc (PS:ALI), which rose 5.74% or 1.950 points to trade at 35.950 at the close. Metro Pacific Investments Corp (PS:MPI) added 5.09% or 0.310 points to end at 6.400 and Universal Robina Corp (PS:URC) was up 4.76% or 7.80 points to 171.80 in late trade.
Biggest losers included JG Summit Holdings Inc (PS:JGS), which lost 4.19% or 3.450 points to trade at 78.950 in late trade. Robinsons Land Corp (PS:RLC) declined 1.28% or 0.300 points to end at 23.200 and DMCI Holdings Inc (PS:DMC) shed 0.85% or 0.100 points to 11.700.
Advancing stocks outnumbered falling ones by 111 to 73 and 49 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold Futures for June delivery was down 0.05% or 0.65 to $1257.75 a troy ounce. Meanwhile, Crude oil for delivery in May rose 0.98% or 0.50 to hit $51.53 a barrel, while the June Brent oil contract rose 1.00% or 0.54 to trade at $54.71 a barrel.
CNY/PHP was down 0.15% to 7.2735, while USD/PHP fell 0.04% to 50.160.
The US Dollar Index Futures was down 0.08% at 100.34.