Philippines stocks higher at close of trade; PSEi Composite up 2.83%

Philippines stocks higher at close of trade; PSEi Composite up 2.83%Philippines stocks higher at close of trade; PSEi Composite up 2.83% – Philippines stocks were higher after the close on Wednesday, as gains in the , and sectors led shares higher.

At the close in Philippines, the gained 2.83%.

The best performers of the session on the were Ayala Land Inc (PS:), which rose 5.14% or 1.550 points to trade at 31.700 at the close. Meanwhile, Aboitiz Equity Ventures Inc (PS:) added 4.88% or 3.300 points to end at 70.900 and SM Investments Corp (PS:) was up 4.78% or 30.000 points to 657.000 in late trade.

The worst performers of the session were Petron Corp (PS:), which fell 2.00% or 0.200 points to trade at 9.800 at the close. Megaworld Corp (PS:) declined 0.85% or 0.030 points to end at 3.480 and LT Group Inc (PS:) was down 0.78% or 0.100 points to 12.700.

Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 118 to 57 and 47 ended unchanged.

Shares in LT Group Inc (PS:) fell to 52-week lows; falling 0.78% or 0.100 to 12.700.

Gold for February delivery was up 0.29% or 3.35 to $ 1142.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.37% or 0.20 to hit $ 54.10 a barrel, while the March Brent oil contract rose 0.33% or 0.19 to trade at $ 57.02 a barrel.

CNY/PHP was up 0.05% to 7.1581, while USD/PHP unchanged 0.00% to 49.800.

The US Dollar Index was up 0.06% at 103.06.

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