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Philippines stocks higher at close of trade; PSEi Composite up 0.77%

Published 08/09/2016, 04:35 AM
Updated 08/09/2016, 04:35 AM
Philippines stocks higher at close of trade; PSEi Composite up 0.77%

Investing.com – Philippines stocks were higher after the close on Tuesday, as gains in the Banking & Financials, Property and Industrials sectors led shares higher.

At the close in Philippines, the PSEi Composite added 0.77%.

The best performers of the session on the PSEi Composite were Petron Corp (PS:PCOR), which rose 4.87% or 0.520 points to trade at 11.200 at the close. Meanwhile, SM Investments Corp (PS:SM) added 2.50% or 17.000 points to end at 697.000 and San Miguel Corp (PS:SMC) was up 2.18% or 1.800 points to 84.300 in late trade.

The worst performers of the session were Semirara Mining Corp (PS:SCC), which fell 2.40% or 2.8000 points to trade at 114.0000 at the close. Philex Mining Corp (PS:PX) declined 2.33% or 0.200 points to end at 8.400 and Globe Telecom Inc (PS:GLO) was down 1.35% or 30.000 points to 2198.000.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 95 to 90 and 41 ended unchanged.

Shares in Semirara Mining Corp (PS:SCC) fell to 52-week lows; falling 2.40% or 2.8000 to 114.0000. Shares in San Miguel Corp (PS:SMC) rose to 52-week highs; gaining 2.18% or 1.800 to 84.300.

Gold for December delivery was down 0.15% or 2.05 to $1339.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.51% or 0.22 to hit $42.80 a barrel, while the October Brent oil contract fell 0.73% or 0.33 to trade at $45.06 a barrel.

CNY/PHP was down 0.24% to 7.0434, while USD/PHP fell 0.20% to 46.907.

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The US Dollar Index was up 0.07% at 96.36.

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