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Philippines stocks higher at close of trade; PSEi Composite up 0.72%

Published 03/11/2016, 03:35 AM
Updated 03/11/2016, 03:35 AM
Philippines stocks higher at close of trade; PSEi Composite up 0.72%

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

At the close in Philippines, the PSEi Composite gained 0.72% to hit a new 3-months high.

The best performers of the session on the PSEi Composite were Semirara Mining Corp (PS:SCC), which rose 4.54% or 5.9000 points to trade at 135.9000 at the close. Meanwhile, Bloomberry Resorts Corp (PS:BLOOM) added 4.12% or 0.200 points to end at 5.050 and International Container Terminal Services Inc (PS:ICT) was up 3.84% or 2.450 points to 66.300 in late trade.

The worst performers of the session were San Miguel Corp (PS:SMC), which fell 3.08% or 2.400 points to trade at 75.600 at the close. SM Prime Holdings Inc (PS:SMPH) declined 1.61% or 0.350 points to end at 21.400 and Petron Corp (PS:PCOR) was down 1.53% or 0.160 points to 10.300.

Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 110 to 56 and 36 ended unchanged.

Gold for April delivery was down 0.26% or 3.30 to $1269.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 2.09% or 0.79 to hit $38.63 a barrel, while the May Brent oil contract rose 1.67% or 0.67 to trade at $40.72 a barrel.

CNY/PHP was down 0.18% to 7.1754, while USD/PHP fell 0.12% to 46.640.

The US Dollar Index was up 0.42% at 96.59.

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