Investing.com – Philippines stocks were higher after the close on Wednesday, as gains in the Banking & Financials, Services and Holding Firms sectors led shares higher.
At the close in Philippines, the PSEi Composite added 0.90% to hit a new 1-month high.
The best performers of the session on the PSEi Composite were BDO Unibank Inc (PS:BDO), which rose 4.65% or 6.00 points to trade at 135.00 at the close. Meanwhile, Metro Pacific Investments Corp (PS:MPI) added 4.21% or 0.190 points to end at 4.700 and Ayala Land Inc (PS:ALI) was up 3.58% or 1.400 points to 40.500 in late trade.
The worst performers of the session were First Gen Corp (PS:FGEN), which fell 5.73% or 0.90 points to trade at 14.80 at the close. Aboitiz Power Corp (PS:AP) declined 3.17% or 1.15 points to end at 35.15 and Robinsons Land Corp (PS:RLC) was down 2.67% or 0.520 points to 18.980.
Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 124 to 70 and 46 ended unchanged.
Gold Futures for August delivery was up 0.23% or 2.80 to $1228.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.15% or 0.10 to hit $68.62 a barrel, while the September Brent oil contract rose 0.72% or 0.53 to trade at $73.97 a barrel.
CNY/PHP was up 0.58% to 7.8741, while USD/PHP rose 0.07% to 53.346.
The US Dollar Index Futures was down 0.11% at 94.29.