Investing.com – Philippines stocks were higher after the close on Wednesday, as gains in the Property, Holding Firms and Banking & Financials sectors led shares higher.
At the close in Philippines, the PSEi Composite gained 1.46%.
The best performers of the session on the PSEi Composite were Ayala Land Inc (PS:ALI), which rose 3.91% or 1.400 points to trade at 37.200 at the close. Meanwhile, Megaworld Corp (PS:MEG) added 3.08% or 0.130 points to end at 4.350 and LT Group Inc (PS:LTG) was up 2.86% or 0.400 points to 14.400 in late trade.
The worst performers of the session were Philex Mining Corp (PS:PX), which fell 4.17% or 0.300 points to trade at 6.900 at the close. First Gen Corp (PS:FGEN) declined 2.30% or 0.50 points to end at 21.20 and Manila Electric Co (PS:MER) was down 1.25% or 4.000 points to 316.000.
Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 107 to 84 and 39 ended unchanged.
Gold for June delivery was down 0.45% or 5.55 to $1223.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 1.34% or 0.65 to hit $49.27 a barrel, while the July Brent oil contract rose 1.38% or 0.67 to trade at $49.28 a barrel.
CNY/PHP was up 0.07% to 7.1303, while USD/PHP rose 0.16% to 46.795.
The US Dollar Index was up 0.03% at 95.62.