Investing.com – Philippines equities were higher at the close on Wednesday, as gains in the Services, Property and Banking & Financials sectors propelled shares higher.
At the close in Philippines, the PSEi Composite rose 0.36%.
The biggest gainers of the session on the PSEi Composite were PLDT Inc (PS:TEL), which rose 6.60% or 96.00 points to trade at 1550.00 at the close. Globe Telecom Inc (PS:GLO) added 4.69% or 89.00 points to end at 1988.00 and First Gen Corp (PS:FGEN) was up 1.62% or 0.35 points to 22.00 in late trade.
Biggest losers included JG Summit Holdings Inc (PS:JGS), which lost 3.51% or 2.750 points to trade at 75.550 in late trade. Petron Corp (PS:PCOR) declined 3.33% or 0.300 points to end at 8.700 and DMCI Holdings Inc (PS:DMC) shed 2.21% or 0.280 points to 12.400.
Declining stocks outnumbered rising ones by 98 to 80 and 50 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold Futures for April delivery was down 0.24% or 2.95 to $1213.15 a troy ounce. Meanwhile, Crude oil for delivery in April fell 0.72% or 0.38 to hit $52.76 a barrel, while the May Brent oil contract fell 0.48% or 0.27 to trade at $55.65 a barrel.
CNY/PHP was up 0.01% to 7.2945, while USD/PHP rose 0.13% to 50.350.
The US Dollar Index Futures was up 0.06% at 101.87.