Investing.com – Philippines stocks were higher after the close on Thursday, as gains in the Holding Firms, Banking & Financials and Mining & Oil sectors led shares higher.
At the close in Philippines, the PSEi Composite added 2.54% to hit a new 1-month high.
The best performers of the session on the PSEi Composite were Security Bank Corp (PS:SECB), which rose 8.91% or 18.00 points to trade at 220.00 at the close. Meanwhile, SM Investments Corp (PS:SM) added 6.00% or 39.000 points to end at 689.000 and Globe Telecom Inc (PS:GLO) was up 4.14% or 63.000 points to 1585.000 in late trade.
The worst performers of the session were Alliance Global Group Inc (PS:AGI), which fell 0.76% or 0.100 points to trade at 13.100 at the close. DMCI Holdings Inc (PS:DMC) declined 0.15% or 0.020 points to end at 13.460 and Semirara Mining Corp (PS:SCC) was 0.00% or 0.0000 points to 132.8000.
Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 146 to 53 and 33 ended unchanged.
Gold for February delivery was up 0.91% or 10.65 to $1175.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.19% or 0.10 to hit $53.16 a barrel, while the March Brent oil contract fell 0.27% or 0.15 to trade at $56.31 a barrel.
CNY/PHP was up 0.32% to 7.1871, while USD/PHP fell 0.43% to 49.470.
The US Dollar Index was down 0.31% at 102.17.