Investing.com – Philippines stocks were higher after the close on Monday, as gains in the Holding Firms, Services and Banking & Financials sectors led shares higher.
At the close in Philippines, the PSEi Composite gained 1.96% to hit a new 1-month high.
The best performers of the session on the PSEi Composite were SM Investments Corp (PS:SM), which rose 5.37% or 36.000 points to trade at 706.000 at the close. Meanwhile, Robinsons Land Corp (PS:RLC) added 4.17% or 1.050 points to end at 26.200 and Globe Telecom Inc (PS:GLO) was up 4.04% or 68.000 points to 1750.000 in late trade.
The worst performers of the session were Alliance Global Group Inc (PS:AGI), which fell 1.25% or 0.160 points to trade at 12.600 at the close. Semirara Mining Corp (PS:SCC) declined 0.14% or 0.2000 points to end at 139.5000 and Megaworld Corp (PS:MEG) was 0.00% or 0.000 points to 3.730.
Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 107 to 79 and 45 ended unchanged.
Gold for February delivery was up 0.69% or 8.35 to $1213.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 0.64% or 0.34 to hit $52.88 a barrel, while the March Brent oil contract fell 0.47% or 0.26 to trade at $55.23 a barrel.
CNY/PHP was up 0.25% to 7.2775, while USD/PHP fell 0.05% to 49.895.
The US Dollar Index was down 0.44% at 100.33
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