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Philippines stocks higher at close of trade; PSEi Composite up 2.72%

Published 03/22/2018, 04:35 AM
Updated 03/22/2018, 04:35 AM
Philippines stocks higher at close of trade; PSEi Composite up 2.72%

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

At the close in Philippines, the PSEi Composite added 2.72%.

The best performers of the session on the PSEi Composite were DMCI Holdings Inc (PS:DMC), which rose 5.56% or 0.700 points to trade at 13.300 at the close. Meanwhile, Ayala Land Inc (PS:ALI) added 5.53% or 2.200 points to end at 41.950 and SM Investments Corp (PS:SM) was up 5.32% or 49.50 points to 980.00 in late trade.

The worst performers of the session were Alliance Global Group Inc (PS:AGI), which fell 1.64% or 0.220 points to trade at 13.200 at the close. International Container Terminal Services Inc (PS:ICT) declined 0.67% or 0.700 points to end at 104.000 and Metro Pacific Investments Corp (PS:MPI) was down 0.38% or 0.020 points to 5.250.

Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 122 to 75 and 46 ended unchanged.

Shares in Metro Pacific Investments Corp (PS:MPI) fell to 52-week lows; falling 0.38% or 0.020 to 5.250.

Gold Futures for April delivery was up 0.89% or 11.70 to $1333.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 0.21% or 0.14 to hit $65.03 a barrel, while the May Brent oil contract fell 0.43% or 0.30 to trade at $69.17 a barrel.

CNY/PHP was up 0.34% to 8.2664, while USD/PHP rose 0.43% to 52.284.

The US Dollar Index Futures was down 0.17% at 89.13.

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