Philippines stocks higher at close of trade; PSEi Composite up 1.38%


Philippines stocks higher at close of trade; PSEi Composite up 1.38% – Philippines stocks were higher after the close on Monday, as gains in the Holding Firms, Property and Banking & Financials sectors led shares higher.

At the close in Philippines, the PSEi Composite rose 1.38% to hit a new all time high.

The best performers of the session on the PSEi Composite were Ayala Corp (PS:AC), which rose 4.68% or 43.50 points to trade at 972.00 at the close. Meanwhile, SM Investments Corp (PS:SM) added 4.01% or 33.50 points to end at 868.50 and Bank of the Philippine Islands (PS:BPI) was up 2.97% or 3.00 points to 104.00 in late trade.

The worst performers of the session were DMCI Holdings Inc (PS:DMC), which fell 2.91% or 0.480 points to trade at 16.040 at the close. Universal Robina Corp (PS:URC) declined 1.23% or 1.90 points to end at 152.00 and International Container Terminal Services Inc (PS:ICT) was down 1.10% or 1.200 points to 107.600.

Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 125 to 79 and 46 ended unchanged.

Shares in Ayala Corp (PS:AC) rose to all time highs; up 4.68% or 43.50 to 972.00. Shares in SM Investments Corp (PS:SM) rose to 3-years highs; rising 4.01% or 33.50 to 868.50.

Gold Futures for December delivery was down 0.50% or 6.66 to $1318.54 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.65% or 0.33 to hit $50.77 a barrel, while the November Brent oil contract rose 0.32% or 0.18 to trade at $55.80 a barrel.

CNY/PHP was down 0.54% to 7.7836, while USD/PHP fell 0.36% to 51.105.

The US Dollar Index Futures was up 0.13% at 91.77.

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