Investing.com – Philippines stocks were higher after the close on Wednesday, as gains in the Property, Services and Industrials sectors led shares higher.
At the close in Philippines, the PSEi Composite gained 1.34%.
The best performers of the session on the PSEi Composite were Manila Electric Co (PS:MER), which rose 3.82% or 11.600 points to trade at 315.000 at the close. Meanwhile, SM Investments Corp (PS:SM) added 3.72% or 35.000 points to end at 975.000 and International Container Terminal Services Inc (PS:ICT) was up 3.36% or 1.900 points to 58.450 in late trade.
The worst performers of the session were Bloomberry Resorts Corp (PS:BLOOM), which fell 2.86% or 0.120 points to trade at 4.080 at the close. San Miguel Corp (PS:SMC) declined 2.74% or 2.250 points to end at 79.750 and Megaworld Corp (PS:MEG) was down 2.22% or 0.100 points to 4.400.
Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 94 to 68 and 48 ended unchanged.
Gold for August delivery was up 0.09% or 1.15 to $1218.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 1.00% or 0.49 to hit $48.61 a barrel, while the August Brent oil contract fell 1.16% or 0.58 to trade at $49.31 a barrel.
CNY/PHP was down 0.18% to 7.0902, while USD/PHP fell 0.25% to 46.650.
The US Dollar Index was down 0.18% at 95.66.