Investing.com – Philippines stocks were higher after the close on Tuesday, as gains in the Property, Holding Firms and Banking & Financials sectors led shares higher.
At the close in Philippines, the PSEi Composite rose 0.92% to hit a new 52-week high.
The best performers of the session on the PSEi Composite were Petron Corp (PS:PCOR), which rose 6.53% or 0.660 points to trade at 10.760 at the close. Meanwhile, SM Prime Holdings Inc (PS:SMPH) added 3.89% or 1.100 points to end at 29.400 and Metropolitan Bank and Trust Co (PS:MBT) was up 3.25% or 2.95 points to 93.80 in late trade.
The worst performers of the session were Bloomberry Resorts Corp (PS:BLOOM), which fell 2.46% or 0.170 points to trade at 6.750 at the close. Philex Mining Corp (PS:PX) declined 1.25% or 0.110 points to end at 8.710 and Philippine Long Distance Telephone Company (PS:TEL) was down 0.96% or 20.00 points to 2074.00.
Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 109 to 80 and 59 ended unchanged.
Shares in SM Prime Holdings Inc (PS:SMPH) rose to all time highs; rising 3.89% or 1.100 to 29.400. Shares in Metropolitan Bank and Trust Co (PS:MBT) rose to 52-week highs; up 3.25% or 2.95 to 93.80.
Gold for August delivery was up 0.08% or 1.05 to $1357.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 1.03% or 0.46 to hit $45.22 a barrel, while the September Brent oil contract rose 1.28% or 0.59 to trade at $46.84 a barrel.
CNY/PHP was up 0.12% to 7.0815, while USD/PHP rose 0.10% to 47.340.
The US Dollar Index was down 0.47% at 96.13.