Investing.com – Philippines stocks were higher after the close on Thursday, as gains in the Banking & Financials, Property and Services sectors led shares higher.
At the close in Philippines, the PSEi Composite rose 1.23%.
The best performers of the session on the PSEi Composite were Petron Corp (PS:PCOR), which rose 5.91% or 0.550 points to trade at 9.850 at the close. Meanwhile, Metro Pacific Investments Corp (PS:MPI) added 3.55% or 0.220 points to end at 6.420 and SM Prime Holdings Inc (PS:SMPH) was up 3.40% or 0.900 points to 27.400 in late trade.
The worst performers of the session were Globe Telecom Inc (PS:GLO), which fell 3.90% or 57.000 points to trade at 1403.000 at the close. Manila Electric Co (PS:MER) declined 3.02% or 8.000 points to end at 257.000 and Jollibee Foods Corp (PS:JFC) was down 1.76% or 3.800 points to 212.000.
Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 120 to 63 and 38 ended unchanged.
Shares in Manila Electric Co (PS:MER) fell to 52-week lows; falling 3.02% or 8.000 to 257.000.
Gold for February delivery was down 0.14% or 1.65 to $1172.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.18% or 0.09 to hit $49.53 a barrel, while the February Brent oil contract rose 0.25% or 0.13 to trade at $51.97 a barrel.
CNY/PHP was up 0.02% to 7.2111, while USD/PHP rose 0.01% to 49.721.
The US Dollar Index was down 0.18% at 101.45.