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Philippines stocks higher at close of trade; PSEi Composite up 2.27%

Published 12/08/2016, 03:35 AM
Updated 12/08/2016, 03:35 AM
Philippines stocks higher at close of trade; PSEi Composite up 2.27%

Philippines stocks higher at close of trade; PSEi Composite up 2.27%

Investing.com – Philippines stocks were higher after the close on Thursday, as gains in the Property, Industrials and Services sectors led shares higher.

At the close in Philippines, the PSEi Composite rose 2.27%.

The best performers of the session on the PSEi Composite were Petron Corp (PS:PCOR), which rose 6.07% or 0.570 points to trade at 9.960 at the close. Meanwhile, Ayala Land Inc (PS:ALI) added 5.03% or 1.650 points to end at 34.450 and SM Prime Holdings Inc (PS:SMPH) was up 4.95% or 1.350 points to 28.650 in late trade.

The worst performers of the session were Aboitiz Equity Ventures Inc (PS:AEV), which fell 1.20% or 0.900 points to trade at 74.000 at the close. Metropolitan Bank and Trust Co (PS:MBT) declined 0.73% or 0.55 points to end at 74.40 and Semirara Mining Corp (PS:SCC) was 0.00% or 0.0000 points to 131.3000.

Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 118 to 62 and 44 ended unchanged.

Gold for February delivery was up 0.01% or 0.15 to $1177.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.12% or 0.06 to hit $49.83 a barrel, while the February Brent oil contract rose 0.17% or 0.09 to trade at $53.09 a barrel.

CNY/PHP was up 0.19% to 7.2221, while USD/PHP fell 0.15% to 49.680.

The US Dollar Index was down 0.19% at 100.09.

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