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Philippines stocks higher at close of trade; PSEi Composite up 0.66%

Published 04/01/2015, 04:35 AM
Updated 04/01/2015, 04:35 AM
Philippines stocks higher at close of trade; PSEi Composite up 0.66%

Philippines stocks higher at close of trade; PSEi Composite up 0.66%

Investing.com – Philippines stocks were higher after the close on Wednesday, as gains in the Property, Banking & Financials and Services sectors led shares higher.

At the close in Philippines, the PSEi Composite rose 0.66% to hit a new all time high.

The best performers of the session on the PSEi Composite were Ayala Land (PS:ALI), which rose 3.90% or 1.500 points to trade at 40.000 at the close. Meanwhile, Gt Capital Hol (PS:GTCAP) added 3.14% or 42.000 points to end at 1380.000 and Globe Telecom (PS:GLO) was up 2.38% or 48.000 points to 2062.000 in late trade.

The worst performers of the session were Energy Develop (PS:EDC), which fell 2.47% or 0.210 points to trade at 8.290 at the close. Robinsons Land (PS:RLC) declined 2.27% or 0.700 points to end at 30.100 and Semirara Minin (PS:SCC) was down 1.86% or 3.1000 points to 163.9000.

Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 103 to 86 and 15 ended unchanged.

Shares in Ayala Land (PS:ALI) rose to all time highs; rising 3.90% or 1.500 to 40.000. Shares in Gt Capital Hol (PS:GTCAP) rose to all time highs; rising 3.14% or 42.000 to 1380.000. Shares in Globe Telecom (PS:GLO) rose to all time highs; gaining 2.38% or 48.000 to 2062.000.

Gold for June delivery was up 0.03% or 0.30 to $1183.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 0.75% or 0.35 to hit $47.24 a barrel, while the May Brent oil contract fell 0.05% or 0.03 to trade at $55.09 a barrel.

CNY/PHP was down 0.16% to 7.1972, while USD/PHP fell 0.16% to 44.602.

The US Dollar Index was up 0.14% at 98.83.

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