Philippines shares higher at close of trade; PSEi Composite up 0.69%

Philippines shares higher at close of trade; PSEi Composite up 0.69% – Philippines equities were higher at the close on Monday, as gains in the , and sectors propelled shares higher.

At the close in Philippines, the rose 0.69%.

The biggest gainers of the session on the were Aboitiz Equity Ventures Inc (PS:), which rose 7.46% or 3.500 points to trade at 50.400 at the close. Bank of the Philippine Islands (PS:) added 5.13% or 4.30 points to end at 88.20 and Robinsons Land Corp (PS:) was up 4.05% or 0.760 points to 19.540 in late trade.

Biggest losers included Alliance Global Group Inc (PS:), which lost 2.77% or 0.360 points to trade at 12.640 in late trade. DMCI Holdings Inc (PS:) declined 2.14% or 0.260 points to end at 11.880 and Ayala Land Inc (PS:) shed 2.04% or 0.850 points to 40.900.

Declining stocks outnumbered rising ones by 95 to 94 and 42 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was up 0.12% or 1.50 to $1202.80 a troy ounce. Meanwhile, Crude oil for delivery in November rose 1.81% or 1.28 to hit $72.06 a barrel, while the December Brent oil contract rose 2.17% or 1.70 to trade at $79.94 a barrel.

CNY/PHP was up 0.09% to 7.9098, while USD/PHP rose 0.06% to 54.220.

The US Dollar Index Futures was down 0.07% at 93.72.

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