Investing.com – Philippines stocks were higher after the close on Wednesday, as gains in the Holding Firms, Property and Mining & Oil sectors led shares higher.
At the close in Philippines, the PSEi Composite gained 1.39%.
The best performers of the session on the PSEi Composite were SM Investments Corp (PS:SM), which rose 4.15% or 36.50 points to trade at 916.50 at the close. Meanwhile, Bank of the Philippine Islands (PS:BPI) added 3.41% or 3.10 points to end at 94.10 and PLDT Inc (PS:TEL) was up 2.80% or 37.00 points to 1360.00 in late trade.
The worst performers of the session were BDO Unibank Inc (PS:BDO), which fell 1.15% or 1.50 points to trade at 129.50 at the close. Aboitiz Power Corp (PS:AP) declined 1.11% or 0.40 points to end at 35.60 and Petron Corp (PS:PCOR) was down 0.46% or 0.040 points to 8.750.
Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 102 to 89 and 40 ended unchanged.
Gold Futures for August delivery was down 0.22% or 2.80 to $1252.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.86% or 0.64 to hit $73.47 a barrel, while the September Brent oil contract fell 2.00% or 1.58 to trade at $77.28 a barrel.
CNY/PHP was down 0.58% to 8.0291, while USD/PHP rose 0.17% to 53.565.
The US Dollar Index Futures was up 0.14% at 93.98.