Investing.com – Philippines stocks were higher after the close on Wednesday, as gains in the Property, Banking & Financials and Industrials sectors led shares higher.
At the close in Philippines, the PSEi Composite added 1.85% to hit a new 3-months high.
The best performers of the session on the PSEi Composite were Ayala Land Inc (PS:ALI), which rose 5.74% or 1.950 points to trade at 35.950 at the close. Meanwhile, Metro Pacific Investments Corp (PS:MPI) added 5.09% or 0.310 points to end at 6.400 and Universal Robina Corp (PS:URC) was up 4.76% or 7.80 points to 171.80 in late trade.
The worst performers of the session were JG Summit Holdings Inc (PS:JGS), which fell 4.19% or 3.450 points to trade at 78.950 at the close. Robinsons Land Corp (PS:RLC) declined 1.28% or 0.300 points to end at 23.200 and DMCI Holdings Inc (PS:DMC) was down 0.85% or 0.100 points to 11.700.
Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 111 to 73 and 49 ended unchanged.
Gold Futures for June delivery was down 0.04% or 0.55 to $1257.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 0.96% or 0.49 to hit $51.52 a barrel, while the June Brent oil contract rose 0.98% or 0.53 to trade at $54.70 a barrel.
CNY/PHP was down 0.15% to 7.2735, while USD/PHP fell 0.04% to 50.160.
The US Dollar Index Futures was down 0.08% at 100.34.