Investing.com – Philippines stocks were higher after the close on Tuesday, as gains in the Services, Holding Firms and Property sectors led shares higher.
At the close in Philippines, the PSEi Composite rose 1.33% 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 4.43% or 90.00 points to trade at 2120.00 at the close. Meanwhile, GT Capital Holdings Inc (PS:GTCAP) added 3.81% or 55.000 points to end at 1500.000 and Metro Pacific Investments Corp (PS:MPI) was up 3.60% or 0.240 points to 6.910 in late trade.
The worst performers of the session were Philex Mining Corp (PS:PX), which fell 12.17% or 1.110 points to trade at 8.010 at the close. Jollibee Foods Corp (PS:JFC) declined 3.36% or 8.000 points to end at 230.000 and Petron Corp (PS:PCOR) was down 0.69% or 0.080 points to 11.520.
Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 94 to 88 and 48 ended unchanged.
Shares in GT Capital Holdings Inc (PS:GTCAP) rose to all time highs; gaining 3.81% or 55.000 to 1500.000. Shares in Metro Pacific Investments Corp (PS:MPI) rose to 3-years highs; rising 3.60% or 0.240 to 6.910.
Gold for August delivery was down 0.52% or 6.75 to $1285.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.90% or 0.45 to hit $49.51 a barrel, while the August Brent oil contract fell 1.13% or 0.57 to trade at $50.08 a barrel.
CNY/PHP was up 0.00% to 7.0406, while USD/PHP rose 0.01% to 46.310.
The US Dollar Index was down 0.12% at 93.57.