Philippines stocks higher at close of trade; PSEi Composite up 2.54%

Philippines stocks higher at close of trade; PSEi Composite up 2.54%Philippines stocks higher at close of trade; PSEi Composite up 2.54% – Philippines stocks were higher after the close on Thursday, as gains in the , and sectors led shares higher.

At the close in Philippines, the added 2.54% to hit a new 1-month high.

The best performers of the session on the were Security Bank Corp (PS:), which rose 8.91% or 18.00 points to trade at 220.00 at the close. Meanwhile, SM Investments Corp (PS:) added 6.00% or 39.000 points to end at 689.000 and Globe Telecom Inc (PS:) 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:), which fell 0.76% or 0.100 points to trade at 13.100 at the close. DMCI Holdings Inc (PS:) declined 0.15% or 0.020 points to end at 13.460 and Semirara Mining Corp (PS:) 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.

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