Philippines stocks higher at close of trade

Philippines stocks higher at close of trade

Philippines stocks were higher after the close on Thursday, as gains in the Property, Holding Firms and Mining & Oil sectors led shares higher.

At the close in Philippines, the PSEi Composite gained 0.78%.

The best performers of the session on the PSEi Composite were International Container Terminal Services Inc, which rose 3.65% or 2.350 points to trade at 66.650 at the close. Meanwhile, Philex Mining Corp added 3.54% or 0.200 points to end at 5.850 and Ayala Land Inc  was up 2.94% or 1.000 points to 35.000 in late trade.

The worst performers of the session were Robinsons Land Corp, which fell 2.03% or 0.600 points to trade at 28.950 at the close. Universal Robina Corp  declined 1.76% or 3.600 points to end at 200.800 and LT Group Inc was down 0.76% or 0.120 points to 15.700.

Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 103 to 81 and 47 ended unchanged.

Gold for June delivery was up 0.49% or 6.20 to $1260.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 0.14% or 0.06 to hit $44.12 a barrel, while the June Brent oil contract fell 0.22% or 0.10 to trade at $45.70 a barrel.

CNY/PHP was up 0.40% to 7.1704, while USD/PHP rose 0.50% to 46.445.

The US Dollar Index was up 0.01% at 94.55.