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Philippines stocks higher at close of trade; PSEi Composite up 1.11%

Published 05/05/2017, 04:35 AM
Philippines stocks higher at close of trade; PSEi Composite up 1.11%

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

At the close in Philippines, the PSEi Composite gained 1.11% to hit a new 6-months high.

The best performers of the session on the PSEi Composite were SM Prime Holdings Inc (PS:SMPH), which rose 3.21% or 1.000 points to trade at 32.200 at the close. Meanwhile, San Miguel Corp (PS:SMC) added 2.86% or 3.00 points to end at 108.00 and Universal Robina Corp (PS:URC) was up 2.80% or 5.00 points to 183.30 in late trade.

The worst performers of the session were Petron Corp (PS:PCOR), which fell 2.07% or 0.190 points to trade at 9.000 at the close. Aboitiz Power Corp (PS:AP) declined 1.79% or 0.75 points to end at 41.20 and Aboitiz Equity Ventures Inc (PS:AEV) was down 1.63% or 1.250 points to 75.500.

Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 107 to 93 and 40 ended unchanged.

Shares in SM Prime Holdings Inc (PS:SMPH) rose to all time highs; up 3.21% or 1.000 to 32.200. Shares in Aboitiz Power Corp (PS:AP) fell to 52-week lows; losing 1.79% or 0.75 to 41.20.

Gold Futures for June delivery was up 0.44% or 5.37 to $1233.97 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.59% or 0.27 to hit $45.79 a barrel, while the July Brent oil contract rose 0.87% or 0.42 to trade at $48.80 a barrel.

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CNY/PHP was up 0.05% to 7.2365, while USD/PHP rose 0.09% to 49.955.

The US Dollar Index Futures was up 0.08% at 98.69.

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