Investing.com – Philippines stocks were higher after the close on Wednesday, as gains in the Holding Firms, Property and Services sectors led shares higher.
At the close in Philippines, the PSEi Composite rose 1.94% to hit a new all time high.
The best performers of the session on the PSEi Composite were JG Summit Holdings Inc (PS:JGS), which rose 6.10% or 4.400 points to trade at 76.500 at the close. Meanwhile, SM Investments Corp (PS:SM) added 5.05% or 50.00 points to end at 1040.00 and SM Prime Holdings Inc (PS:SMPH) was up 3.33% or 1.250 points to 38.750 in late trade.
The worst performers of the session were Energy Development Corp (PS:EDC), which fell 2.44% or 0.140 points to trade at 5.600 at the close. Semirara Mining Corp (PS:SCC) declined 1.90% or 0.70 points to end at 36.10 and BDO Unibank Inc (PS:BDO) was down 1.83% or 3.00 points to 161.00.
Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 117 to 101 and 38 ended unchanged.
Shares in SM Investments Corp (PS:SM) rose to all time highs; up 5.05% or 50.00 to 1040.00. Shares in SM Prime Holdings Inc (PS:SMPH) rose to all time highs; rising 3.33% or 1.250 to 38.750.
Gold Futures for February delivery was up 0.02% or 0.20 to $1316.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.13% or 0.08 to hit $60.45 a barrel, while the March Brent oil contract rose 0.06% or 0.04 to trade at $66.61 a barrel.
CNY/PHP was down 0.35% to 7.6627, while USD/PHP fell 0.19% to 49.825.
The US Dollar Index Futures was up 0.12% at 91.67.