Investing.com – Philippines stocks were higher after the close on Wednesday, as gains in the Holding Firms, Property and Services sectors led shares higher.
At the close in Philippines, the PSEi Composite gained 2.83%.
The best performers of the session on the PSEi Composite were Ayala Land Inc (PS:ALI), which rose 5.14% or 1.550 points to trade at 31.700 at the close. Meanwhile, Aboitiz Equity Ventures Inc (PS:AEV) added 4.88% or 3.300 points to end at 70.900 and SM Investments Corp (PS:SM) was up 4.78% or 30.000 points to 657.000 in late trade.
The worst performers of the session were Petron Corp (PS:PCOR), which fell 2.00% or 0.200 points to trade at 9.800 at the close. Megaworld Corp (PS:MEG) declined 0.85% or 0.030 points to end at 3.480 and LT Group Inc (PS:LTG) was down 0.78% or 0.100 points to 12.700.
Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 118 to 57 and 47 ended unchanged.
Shares in LT Group Inc (PS:LTG) fell to 52-week lows; falling 0.78% or 0.100 to 12.700.
Gold for February delivery was up 0.29% or 3.35 to $1142.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.37% or 0.20 to hit $54.10 a barrel, while the March Brent oil contract rose 0.33% or 0.19 to trade at $57.02 a barrel.
CNY/PHP was up 0.05% to 7.1581, while USD/PHP unchanged 0.00% to 49.800.
The US Dollar Index was up 0.06% at 103.06.