Investing.com – Philippines stocks were higher after the close on Wednesday, as gains in the Services, Banking & Financials and Mining & Oil sectors led shares higher.
At the close in Philippines, the PSEi Composite added 0.42%.
The best performers of the session on the PSEi Composite were Megaworld Corp (PS:MEG), which rose 5.51% or 0.190 points to trade at 3.640 at the close. Meanwhile, Metro Pacific Investments Corp (PS:MPI) added 4.13% or 0.250 points to end at 6.310 and JG Summit Holdings Inc (PS:JGS) was up 3.77% or 2.500 points to 68.800 in late trade.
The worst performers of the session were San Miguel Corp (PS:SMC), which fell 4.14% or 4.100 points to trade at 94.900 at the close. Jollibee Foods Corp (PS:JFC) declined 2.56% or 5.000 points to end at 190.000 and Robinsons Land Corp (PS:RLC) was down 2.31% or 0.600 points to 25.400.
Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 108 to 48 and 48 ended unchanged.
Shares in Jollibee Foods Corp (PS:JFC) fell to 52-week lows; down 2.56% or 5.000 to 190.000.
Gold for February delivery was up 0.19% or 2.15 to $1135.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.81% or 0.43 to hit $53.73 a barrel, while the February Brent oil contract rose 0.87% or 0.48 to trade at $55.83 a barrel.
CNY/PHP was down 0.11% to 7.1841, while USD/PHP fell 0.11% to 49.935.
The US Dollar Index was down 0.06% at 103.20.