Investing.com – Philippines equities were higher at the close on Friday, as gains in the Banking & Financials, Holding Firms and Services sectors propelled shares higher.
At the close in Philippines, the PSEi Composite gained 0.93% to hit a new all time high.
The biggest gainers of the session on the PSEi Composite were Bk Of Phi Isla (PS:BPI), which rose 3.41% or 3.50 points to trade at 106.00 at the close. Sm Investment (PS:SM) added 3.41% or 32.000 points to end at 970.000 and Bloomberry Res (PS:BLOOM) was up 3.33% or 0.380 points to 11.800 in late trade.
Biggest losers included Philex Mining (PS:PX), which lost 3.89% or 0.280 points to trade at 6.920 in late trade. Universal Robi (PS:URC) declined 2.29% or 5.200 points to end at 222.200 and Robinsons Land (PS:RLC) shed 1.71% or 0.500 points to 28.750.
Declining stocks outnumbered rising ones by 104 to 97 and 17 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for June delivery was up 0.86% or 10.30 to $1203.90 a troy ounce. Meanwhile, Crude oil for delivery in May fell 0.95% or 0.48 to hit $50.30 a barrel, while the May Brent oil contract fell 0.01% or 0.01 to trade at $56.56 a barrel.
CNY/PHP was up 0.14% to 7.1758, while USD/PHP rose 0.21% to 44.555.
The US Dollar Index was up 0.23% at 99.48.