Investing.com – Philippines stocks were higher after the close on Wednesday, as gains in the Services, Mining & Oil and Banking & Financials sectors led shares higher.
At the close in Philippines, the PSEi Composite gained 0.16% to hit a new 52-week high.
The best performers of the session on the PSEi Composite were International Container Terminal Services Inc (PS:ICT), which rose 5.74% or 3.500 points to trade at 64.500 at the close. Meanwhile, Philippine Long Distance Telephone Company (PS:TEL) added 4.90% or 100.00 points to end at 2140.00 and Alliance Global Group Inc (PS:AGI) was up 3.47% or 0.540 points to 16.100 in late trade.
The worst performers of the session were Aboitiz Power Corp (PS:AP), which fell 3.78% or 1.85 points to trade at 47.05 at the close. Megaworld Corp (PS:MEG) declined 3.47% or 0.160 points to end at 4.450 and GT Capital Holdings Inc (PS:GTCAP) was down 2.87% or 42.000 points to 1420.000.
Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 89 to 84 and 62 ended unchanged.
Gold for August delivery was up 0.58% or 7.25 to $1254.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.50% or 0.25 to hit $50.61 a barrel, while the August Brent oil contract rose 0.64% or 0.33 to trade at $51.77 a barrel.
CNY/PHP was down 0.06% to 7.0041, while USD/PHP fell 0.08% to 46.019.
The US Dollar Index was down 0.12% at 93.73.