Philippines stocks higher at close of trade; PSEi Composite up 0.63%

Investing.com – Philippines stocks were higher after the close on Wednesday, as gains in the Industrials, Holding Firms and Property sectors led shares higher.

At the close in Philippines, the PSEi Composite gained 0.63%.

The best performers of the session on the PSEi Composite were Energy Development Corp (PS:EDC), which rose 12.92% or 0.620 points to trade at 5.420 at the close. Meanwhile, LT Group Inc (PS:LTG) added 5.02% or 0.860 points to end at 18.000 and Ayala Corp (PS:AC) was up 2.08% or 20.00 points to 980.00 in late trade.

The worst performers of the session were Metro Pacific Investments Corp (PS:MPI), which fell 1.46% or 0.100 points to trade at 6.770 at the close. Globe Telecom Inc (PS:GLO) declined 1.44% or 30.00 points to end at 2048.00 and PLDT Inc (PS:TEL) was down 1.22% or 20.00 points to 1615.00.

Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 105 to 103 and 40 ended unchanged.

Shares in Ayala Corp (PS:AC) rose to all time highs; rising 2.08% or 20.00 to 980.00.

Gold Futures for December delivery was down 0.75% or 9.70 to $1292.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.02% or 0.01 to hit $51.87 a barrel, while the December Brent oil contract fell 0.29% or 0.17 to trade at $57.75 a barrel.

CNY/PHP was up 0.22% to 7.6871, while USD/PHP rose 0.17% to 51.005.

The US Dollar Index Futures was up 0.52% at 93.29.