Investing.com – Philippines stocks were higher after the close on Wednesday, as gains in the Mining & Oil, Banking & Financials and Property sectors led shares higher.
At the close in Philippines, the PSEi Composite rose 0.13% to hit a new 6-months high.
The best performers of the session on the PSEi Composite were Alliance Global Group Inc (PS:AGI), which rose 2.39% or 0.340 points to trade at 14.580 at the close. Meanwhile, Robinsons Land Corp (PS:RLC) added 1.89% or 0.550 points to end at 29.650 and International Container Terminal Services Inc (PS:ICT) was up 1.66% or 1.050 points to 64.400 in late trade.
The worst performers of the session were Megaworld Corp (PS:MEG), which fell 2.28% or 0.100 points to trade at 4.280 at the close. Philex Mining Corp (PS:PX) declined 2.19% or 0.160 points to end at 7.140 and Manila Electric Co (PS:MER) was down 1.48% or 5.000 points to 333.000.
Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 98 to 97 and 38 ended unchanged.
Gold for June delivery was down 0.38% or 4.85 to $1272.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 0.43% or 0.21 to hit $48.10 a barrel, while the July Brent oil contract fell 0.67% or 0.33 to trade at $48.95 a barrel.
CNY/PHP was up 0.15% to 7.1439, while USD/PHP rose 0.53% to 46.682.
The US Dollar Index was up 0.36% at 94.89.