Wednesday 9 March 2016

Philippines stocks higher at close of trade; PSEi Composite up 0.47%


Category: Stock Market


Philippines stocks were higher after the close on Wednesday, as gains in the Property, Banking&Financials and Industrials sectors led shares higher.At the close in Philippines, the PSEi Composite added 0.47%.The best performers of the session on the PSEi Composite were Megaworld Corp (PS:MEG), which rose 5.17% or 0.200 points to trade at 4.070 at the close. Meanwhile, Metropolitan B (PS:MBT) added 3.23% or 2.50 points to end at 80.00 and San Miguel Cor (PS:SMC) was up 2.08% or 1.600 points to 78.600 in late trade.The worst performers of the session were Bloomberry Res (PS:BLOOM), which fell 3.97% or 0.190 points to trade at 4.600 at the close. Philex Mining (PS:PX) declined 2.62% or 0.170 points to end at 6.330 and Dmci Holdings (PS:DMC) was down 0.77% or 0.100 points to 12.880.Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 101 to 76 and 28 ended unchanged.Shares in San Miguel Cor (PS:SMC) rose to 52-week highs; rising 2.08% or 1.600 to 78.600.Gold for April delivery was down 0.45% or 5.70 to $1257.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 0.25% or 0.09 to hit $36.59 a barrel, while the May Brent oil contract rose 0.20% or 0.08 to trade at $39.73 a barrel.CNY/PHP was down 0.33% to 7.1926, while USD/PHP fell 0.17% to 46.860.The US Dollar Index was up 0.28% at 97.43.

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