Philippines stocks higher at close of trade; PSEi Composite up 0.57%

Investing.com – 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 0.57%.

The best performers of the session on the were Ayala Land Inc (PS: ), which rose 3.13% or 1.200 points to trade at 39.550 at the close. Meanwhile, Metro Pacific Investments Corp (PS: ) added 2.62% or 0.170 points to end at 6.670 and SM Investments Corp (PS: ) was up 2.13% or 20.500 points to 982.000 in late trade.

The worst performers of the session were Alliance Global Group Inc (PS: ), which fell 1.26% or 0.200 points to trade at 15.700 at the close. Universal Robina Corp (PS: ) declined 1.16% or 2.400 points to end at 204.600 and Philex Mining Corp (PS: ) was down 0.98% or 0.090 points to 9.120.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 97 to 96 and 49 ended unchanged.

Shares in Ayala Land Inc (PS: ) rose to 52-week highs; rising 3.13% or 1.200 to 39.550. Shares in Metro Pacific Investments Corp (PS: ) rose to 3-years highs; up 2.62% or 0.170 to 6.670.

Gold for August delivery was down 0.34% or 4.35 to $1290.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 1.71% or 0.83 to hit $49.39 a barrel, while the August Brent oil contract rose 1.97% or 0.97 to trade at $50.14 a barrel.

CNY/PHP was down 0.16% to 7.0362, while USD/PHP fell 0.29% to 46.295.

The US Dollar Index was down 0.64% at 93.70.