Philippine Stocks Higher At Close of Trade; PSEi Composite Up 0.76 Percent

PHILIPPINES – Philippine stocks were higher after the close on Wednesday Services, Property, and Holding Firms sectors led shares higher at the Philippine Stock Exchange.

The PSEi Composite also rose 0.76 percent at the close, gaining 53.31 points from the previous close for a total value of 7,108.80.

The Property sector gained the most with 2.006 percent, followed by Services with 1.74 percent gains, Holdings Firms with 0.26 percent and Financials. which gained 0.22 percent.

Advances outnumbered declines 102 to 80, while 36 stocks remain unchanged.

The best performers of the session on the PSEi Composite were Bloomberry Resorts Corporation (PSE:BLOOM), which gained 6.14 percent to trade at Php6.05 at the close; LT Group Inc (PSE:LTG), which was up 4.55 percent to close at Php11.50; Alliance Global (PSE:AGI), which gained 3.91 percent to end the trading session at Php17 a piece; and Philippine Long Distance Telephone Co (PSE:TEL), which was up 3.30 percent to trade at Php2,380 at the close.

Worst performing blue chip stocks were Robinsons Land Corporation (PSE:RLC), which declined 1.71% to trade at Php28.8; DMCI Holdings Inc (PSE:DMC) which lost 1.27 percent; and International Container Terminal Services Inc (PSE:ICT), which declined by 1.16 percent. – BusinessNewsAsia.com