Philippines stocks higher at close of trade; PSEi Composite up 0.61%

Philippines stocks higher at close of trade; PSEi Composite up 0.61%Philippines stocks higher at close of trade; PSEi Composite up 0.61% – Philippines stocks were higher after the close on Monday, as gains in the , and sectors led shares higher.

At the close in Philippines, the gained 0.61%.

The best performers of the session on the were First Gen Corp (PS:), which rose 2.97% or 0.65 points to trade at 22.50 at the close. Meanwhile, Energy Development Corp (PS:) added 2.31% or 0.130 points to end at 5.760 and SM Prime Holdings Inc (PS:) was up 2.27% or 0.500 points to 22.500 in late trade.

The worst performers of the session were Robinsons Land Corp (PS:), which fell 1.72% or 0.500 points to trade at 28.500 at the close. Metropolitan Bank and Trust Co (PS:) declined 0.53% or 0.45 points to end at 84.55 and Universal Robina Corp (PS:) was down 0.46% or 1.000 points to 218.000.

Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 121 to 69 and 39 ended unchanged.

Gold for June delivery was up 0.55% or 6.80 to $1250.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 0.33% or 0.13 to hit $39.59 a barrel, while the June Brent oil contract fell 0.38% or 0.16 to trade at $41.78 a barrel.

CNY/PHP was down 0.02% to 7.1277, while USD/PHP rose 0.03% to 46.110.

The US Dollar Index was down 0.01% at 94.21.

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