Investing.com – Philippines stocks were higher after the close on Wednesday, as gains in the Property, Mining & Oil and Holding Firms sectors led shares higher.
At the close in Philippines, the PSEi Composite gained 0.83% to hit a new 6-months high.
The best performers 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. Meanwhile, 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.
The worst performers of the session were Emperador Inc (PS:EMP), which fell 4.42% or 0.340 points to trade at 7.360 at the close. San Miguel Corp (PS:SMC) declined 1.56% or 1.60 points to end at 101.00 and Universal Robina Corp (PS:URC) was down 1.24% or 2.00 points to 159.00.
Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 98 to 94 and 60 ended unchanged.
Shares in LT Group Inc (PS:LTG) rose to 3-years highs; gaining 3.28% or 0.580 to 18.280.
Gold Futures for August delivery was down 0.53% or 6.59 to $1245.51 a troy ounce. Elsewhere in commodities trading, 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.