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Philippines stocks higher at close of trade; PSEi Composite up 0.46%

Published 05/17/2017, 04:35 AM
Philippines stocks higher at close of trade; PSEi Composite up 0.46%
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Investing.com – Philippines stocks were higher after the close on Wednesday, as gains in the Mining & Oil, Services and Industrials sectors led shares higher.

At the close in Philippines, the PSEi Composite rose 0.46%.

The best performers of the session on the PSEi Composite were Emperador Inc (PS:EMP), which rose 3.33% or 0.220 points to trade at 6.820 at the close. Meanwhile, Energy Development Corp (PS:EDC) added 2.54% or 0.150 points to end at 6.060 and International Container Terminal Services Inc (PS:ICT) was up 2.16% or 2.100 points to 99.500 in late trade.

The worst performers of the session were Alliance Global Group Inc (PS:AGI), which fell 1.06% or 0.160 points to trade at 15.000 at the close. Ayala Land Inc (PS:ALI) declined 0.77% or 0.300 points to end at 38.600 and LT Group Inc (PS:LTG) was down 0.72% or 0.120 points to 16.500.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 98 to 92 and 58 ended unchanged.

Shares in International Container Terminal Services Inc (PS:ICT) rose to 52-week highs; gaining 2.16% or 2.100 to 99.500.

Gold Futures for June delivery was up 0.57% or 7.00 to $1243.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 0.53% or 0.26 to hit $48.40 a barrel, while the July Brent oil contract fell 0.35% or 0.18 to trade at $51.47 a barrel.

CNY/PHP was up 0.08% to 7.2211, while USD/PHP rose 0.13% to 49.755.

The US Dollar Index Futures was down 0.15% at 97.95.

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