Investing.com – Philippines stocks were higher after the close on Friday, as gains in the Mining & Oil, Banking & Financials and Property sectors led shares higher.
At the close in Philippines, the PSEi Composite gained 0.44% to hit a new 52-week high.
The best performers of the session on the PSEi Composite were Alliance Global Group Inc (PS:AGI), which rose 2.70% or 0.400 points to trade at 15.200 at the close. Meanwhile, SM Investments Corp (PS:SM) added 2.38% or 23.000 points to end at 990.000 and Manila Electric Co (PS:MER) was up 1.87% or 5.800 points to 315.800 in late trade.
The worst performers of the session were Metro Pacific Investments Corp (PS:MPI), which fell 2.87% or 0.200 points to trade at 6.770 at the close. JG Summit Holdings Inc (PS:JGS) declined 1.74% or 1.500 points to end at 84.500 and Metropolitan Bank and Trust Co (PS:MBT) was down 1.49% or 1.35 points to 89.00.
Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 96 to 81 and 49 ended unchanged.
Gold for August delivery was up 1.22% or 16.10 to $1336.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.33% or 0.16 to hit $48.17 a barrel, while the September Brent oil contract fell 0.38% or 0.19 to trade at $49.52 a barrel.
CNY/PHP was down 0.34% to 7.0498, while USD/PHP fell 0.20% to 46.935.
The US Dollar Index was down 0.05% at 95.90.