Investing.com – Philippines stocks were higher after the close on Friday, as gains in the Services, Property and Holding Firms sectors led shares higher.
At the close in Philippines, the PSEi Composite added 0.93% to hit a new 52-week high.
The best performers of the session on the PSEi Composite were Philippine Long Distance Telephone Company (PS:TEL), which rose 3.45% or 72.00 points to trade at 2160.00 at the close. Meanwhile, Alliance Global Group Inc (PS:AGI) added 1.88% or 0.300 points to end at 16.300 and Energy Development Corp (PS:EDC) was up 1.77% or 0.100 points to 5.750 in late trade.
The worst performers of the session were First Gen Corp (PS:FGEN), which fell 1.41% or 0.35 points to trade at 24.50 at the close. Philex Mining Corp (PS:PX) declined 1.24% or 0.110 points to end at 8.790 and LT Group Inc (PS:LTG) was down 1.00% or 0.160 points to 15.840.
Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 106 to 79 and 43 ended unchanged.
Gold for August delivery was up 0.09% or 1.25 to $1333.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 1.12% or 0.51 to hit $45.17 a barrel, while the September Brent oil contract fell 1.20% or 0.57 to trade at $46.80 a barrel.
CNY/PHP was down 0.60% to 6.9986, while USD/PHP fell 0.65% to 46.755.
The US Dollar Index was down 0.17% at 95.94.