Investing.com – Philippines stocks were higher after the close on Wednesday, as gains in the Services, Property and Industrials sectors led shares higher.
At the close in Philippines, the PSEi Composite gained 0.25% to hit a new 1-month high.
The best performers of the session on the PSEi Composite were DMCI Holdings Inc (PS:DMC), which rose 3.15% or 0.480 points to trade at 15.720 at the close. Meanwhile, SM Prime Holdings Inc (PS:SMPH) added 1.62% or 0.550 points to end at 34.500 and Jollibee Foods Corp (PS:JFC) was up 1.57% or 3.40 points to 220.40 in late trade.
The worst performers of the session were Metro Pacific Investments Corp (PS:MPI), which fell 1.44% or 0.100 points to trade at 6.850 at the close. Metropolitan Bank and Trust Co (PS:MBT) declined 1.34% or 1.25 points to end at 91.70 and Robinsons Land Corp (PS:RLC) was down 1.20% or 0.300 points to 24.700.
Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 116 to 80 and 59 ended unchanged.
Shares in DMCI Holdings Inc (PS:DMC) rose to 52-week highs; up 3.15% or 0.480 to 15.720.
Gold Futures for August delivery was down 0.35% or 4.35 to $1237.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.22% or 0.10 to hit $46.30 a barrel, while the September Brent oil contract fell 0.16% or 0.08 to trade at $48.76 a barrel.
CNY/PHP was up 0.16% to 7.5366, while USD/PHP rose 0.22% to 50.882.
The US Dollar Index Futures was up 0.17% at 94.61.