Investing.com – Philippines stocks were higher after the close on Monday, as gains in the Banking & Financials, Services and Holding Firms sectors led shares higher.
At the close in Philippines, the PSEi Composite gained 1.19% to hit a new 6-months high.
The best performers of the session on the PSEi Composite were Metropolitan Bank and Trust Co (PS:MBT), which rose 5.29% or 4.50 points to trade at 89.50 at the close. Meanwhile, SM Investments Corp (PS:SM) added 2.93% or 22.50 points to end at 790.00 and SM Prime Holdings Inc (PS:SMPH) was up 2.52% or 0.850 points to 34.600 in late trade.
The worst performers of the session were Emperador Inc (PS:EMP), which fell 1.73% or 0.120 points to trade at 6.830 at the close. Energy Development Corp (PS:EDC) declined 1.65% or 0.100 points to end at 5.960 and Aboitiz Power Corp (PS:AP) was down 1.52% or 0.60 points to 38.80.
Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 114 to 80 and 44 ended unchanged.
Shares in SM Investments Corp (PS:SM) rose to 52-week highs; rising 2.93% or 22.50 to 790.00. Shares in SM Prime Holdings Inc (PS:SMPH) rose to all time highs; gaining 2.52% or 0.850 to 34.600. Shares in Aboitiz Power Corp (PS:AP) fell to 52-week lows; falling 1.52% or 0.60 to 38.80.
Gold Futures for August delivery was up 0.27% or 3.40 to $1283.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.80% or 0.38 to hit $48.04 a barrel, while the August Brent oil contract rose 0.72% or 0.36 to trade at $50.31 a barrel.
CNY/PHP was up 0.28% to 7.2642, while USD/PHP rose 0.10% to 49.406.
The US Dollar Index Futures was up 0.12% at 96.73.