Philippines stocks higher at close of trade

philippines stock news


Philippines stocks were higher after the close on Monday, as gains in the Services, Mining & Oil and Property sectors led shares higher.

At the close in Philippines, the PSEi Composite rose 0.20% to hit a new 3-months high.


The best performers of the session on the PSEi Composite were Philippine Long Distance Telephone Company, which rose 11.56% or 197.00 points to trade at 1901.00 at the close. Meanwhile, Globe Telecom Inc. added 7.91% or 140.000 points to end at 1910.000 and DMCI Holdings Inc. was up 1.55% or 0.200 points to 13.100 in late trade.


The worst performers of the session were First Gen Corp, which fell 3.20% or 0.70 points to trade at 21.20 at the close. Energy Development Corp declined 2.68% or 0.170 points to end at 6.170 and Bloomberry Resorts Corp was down 1.98% or 0.100 points to 4.950.


Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 89 to 82 and 30 ended unchanged.


Gold for April delivery was down 0.27% or 3.40 to $1256.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.99% or 0.38 to hit $38.12 a barrel, while the May Brent oil contract fell 0.84% or 0.34 to trade at $40.05 a barrel.


CNY/PHP was up 0.13% to 7.1855, while USD/PHP rose 0.13% to 46.670.


The US Dollar Index was up 0.29% at 96.51.

 
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