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Philippines stocks higher at close of trade; PSEi Composite up 0.44%

Published 09/02/2016, 04:35 AM
Updated 09/02/2016, 04:35 AM
Philippines stocks higher at close of trade; PSEi Composite up 0.44%

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

At the close in Philippines, the PSEi Composite rose 0.44%.

The best performers of the session on the PSEi Composite were Ayala Land Inc (PS:ALI), which rose 2.86% or 1.100 points to trade at 39.500 at the close. Meanwhile, SM Investments Corp (PS:SM) added 2.15% or 14.500 points to end at 689.500 and Energy Development Corp (PS:EDC) was up 2.09% or 0.120 points to 5.870 in late trade.

The worst performers of the session were Universal Robina Corp (PS:URC), which fell 1.68% or 3.100 points to trade at 180.900 at the close. Petron Corp (PS:PCOR) declined 1.59% or 0.160 points to end at 9.920 and First Gen Corp (PS:FGEN) was down 1.55% or 0.40 points to 25.40.

Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 115 to 72 and 52 ended unchanged.

Gold for December delivery was down 0.27% or 3.50 to $1313.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.42% or 0.18 to hit $43.34 a barrel, while the November Brent oil contract rose 0.46% or 0.21 to trade at $45.66 a barrel.

CNY/PHP was down 0.16% to 6.9889, while USD/PHP fell 0.08% to 46.685.

The US Dollar Index was up 0.15% at 95.80.

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