Investing.com – Philippines equities were higher at the close on Wednesday, as gains in the Property, Mining & Oil and Holding Firms sectors propelled shares higher.
At the close in Philippines, the PSEi Composite gained 0.83% to hit a new 6-month high.
The biggest gainers of the session on the PSEi Composite were Megaworld Corp (PS:MEG), which rose 5.51% or 0.260 points to trade at 4.980 at the close. LT Group Inc (PS:LTG) added 3.28% or 0.580 points to end at 18.280 and SM Prime Holdings Inc (PS:SMPH) was up 1.76% or 0.600 points to 34.750 in late trade.
Biggest losers included Emperador Inc (PS:EMP), which lost 4.42% or 0.340 points to trade at 7.360 in late trade. San Miguel Corp (PS:SMC) declined 1.56% or 1.60 points to end at 101.00 and Universal Robina Corp (PS:URC) shed 1.24% or 2.00 points to 159.00.
Advancing stocks outnumbered falling ones by 98 to 94 and 60 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold Futures for August delivery was down 0.52% or 6.57 to $1245.53 a troy ounce. Meanwhile, Crude oil for delivery in September rose 0.94% or 0.45 to hit $48.34 a barrel, while the September Brent oil contract rose 0.70% or 0.35 to trade at $50.55 a barrel.
CNY/PHP was up 0.03% to 7.4977, while USD/PHP rose 0.19% to 50.650.
The US Dollar Index Futures was up 0.19% at 94.10.