Investing.com – Philippines equities were higher at the close on Wednesday, as gains in the Services, Property and Mining & Oil sectors propelled shares higher.
At the close in Philippines, the PSEi Composite rose 0.46%.
The biggest gainers of the session on the PSEi Composite were PLDT Inc (PS:TEL), which rose 3.47% or 50.00 points to trade at 1490.00 at the close. JG Summit Holdings Inc (PS:JGS) added 2.60% or 1.900 points to end at 74.900 and Manila Electric Co (PS:MER) was up 2.50% or 6.800 points to 278.800 in late trade.
Biggest losers included Petron Corp (PS:PCOR), which lost 1.97% or 0.190 points to trade at 9.460 in late trade. Universal Robina Corp (PS:URC) declined 1.42% or 2.400 points to end at 166.600 and Jollibee Foods Corp (PS:JFC) shed 1.36% or 2.800 points to 203.000.
Advancing stocks outnumbered falling ones by 86 to 83 and 56 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for February delivery was up 0.00% or 0.05 to $1212.95 a troy ounce. Meanwhile, Crude oil for delivery in February rose 0.57% or 0.30 to hit $52.78 a barrel, while the March Brent oil contract rose 0.76% or 0.42 to trade at $55.89 a barrel.
CNY/PHP was up 0.25% to 7.2870, while USD/PHP fell 0.07% to 49.795.
The US Dollar Index was up 0.26% at 100.52.