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Philippines stocks higher at close of trade; PSEi Composite up 2.02%

Stock MarketsJul 26, 2018 04:35AM ET
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Philippines stocks higher at close of trade; PSEi Composite up 2.02%

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

At the close in Philippines, the PSEi Composite added 2.02% to hit a new 1-month high.

The best performers of the session on the PSEi Composite were Aboitiz Equity Ventures Inc (PS:AEV), which rose 5.27% or 2.750 points to trade at 54.950 at the close. Meanwhile, Aboitiz Power Corp (PS:AP) added 4.13% or 1.45 points to end at 36.60 and SM Investments Corp (PS:SM) was up 3.86% or 36.00 points to 969.00 in late trade.

The worst performers of the session were Metro Pacific Investments Corp (PS:MPI), which fell 2.34% or 0.110 points to trade at 4.590 at the close. Semirara Mining Corp (PS:SCC) declined 1.85% or 0.60 points to end at 31.90 and Alliance Global Group Inc (PS:AGI) was down 0.50% or 0.060 points to 11.880.

Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 123 to 78 and 41 ended unchanged.

Gold Futures for August delivery was down 0.37% or 4.50 to $1227.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.23% or 0.16 to hit $69.14 a barrel, while the September Brent oil contract rose 0.61% or 0.45 to trade at $74.38 a barrel.

CNY/PHP was up 0.14% to 7.8763, while USD/PHP rose 0.42% to 53.420.

The US Dollar Index Futures was up 0.04% at 94.02.

Philippines stocks higher at close of trade; PSEi Composite up 2.02%
 

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