Investing.com – Philippines stocks were higher after the close on Wednesday, as gains in the Services, Holding Firms and Banking & Financials sectors led shares higher.
At the close in Philippines, the PSEi Composite added 0.61%.
The best performers of the session on the PSEi Composite were Alliance Global Group Inc (PS:AGI), which rose 5.42% or 0.740 points to trade at 14.400 at the close. Meanwhile, Robinsons Land Corp (PS:RLC) added 4.09% or 1.000 points to end at 25.450 and PLDT Inc (PS:TEL) was up 2.97% or 55.00 points to 1905.00 in late trade.
The worst performers of the session were Manila Electric Co (PS:MER), which fell 3.59% or 9.60 points to trade at 257.80 at the close. LT Group Inc (PS:LTG) declined 2.38% or 0.380 points to end at 15.620 and GT Capital Holdings Inc (PS:GTCAP) was down 1.61% or 20.00 points to 1220.00.
Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 106 to 94 and 47 ended unchanged.
Shares in Manila Electric Co (PS:MER) fell to 52-week lows; falling 3.59% or 9.60 to 257.80.
Gold Futures for August delivery was up 0.05% or 0.65 to $1269.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 1.27% or 0.59 to hit $45.87 a barrel, while the August Brent oil contract fell 1.13% or 0.55 to trade at $48.17 a barrel.
CNY/PHP was down 0.05% to 7.2817, while USD/PHP fell 0.09% to 49.495.
The US Dollar Index Futures was unchanged 0.00% at 96.97.