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Philippines stocks higher at close of trade; PSEi Composite up 0.90%

Published 03/02/2017, 03:35 AM
Updated 03/02/2017, 03:35 AM
Philippines stocks higher at close of trade; PSEi Composite up 0.90%

Philippines stocks higher at close of trade; PSEi Composite up 0.90%

Investing.com – Philippines stocks were higher after the close on Thursday, as gains in the Banking & Financials, Holding Firms and Services sectors led shares higher.

At the close in Philippines, the PSEi Composite added 0.90%.

The best performers of the session on the PSEi Composite were Ayala Corp (PS:AC), which rose 2.42% or 19.000 points to trade at 803.000 at the close. Meanwhile, JG Summit Holdings Inc (PS:JGS) added 2.19% or 1.650 points to end at 76.950 and PLDT Inc (PS:TEL) was up 1.79% or 25.00 points to 1425.00 in late trade.

The worst performers of the session were Robinsons Land Corp (PS:RLC), which fell 1.28% or 0.300 points to trade at 23.100 at the close. Aboitiz Equity Ventures Inc (PS:AEV) declined 0.89% or 0.650 points to end at 72.250 and SM Prime Holdings Inc (PS:SMPH) was down 0.35% or 0.100 points to 28.600.

Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 111 to 74 and 53 ended unchanged.

Shares in Robinsons Land Corp (PS:RLC) fell to 52-week lows; falling 1.28% or 0.300 to 23.100.

Gold Futures for April delivery was down 0.42% or 5.30 to $1244.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.32% or 0.17 to hit $53.66 a barrel, while the May Brent oil contract fell 0.14% or 0.08 to trade at $56.28 a barrel.

CNY/PHP was up 0.15% to 7.3222, while USD/PHP rose 0.21% to 50.414.

The US Dollar Index Futures was up 0.17% at 101.91.

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