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Philippine shares rise 2 per cent

Sahil Nagpal 5 March 2009

Philippine shares rise 2 per cent Manila - Philippine share prices rose 2.03 per cent on Thursday buoyed by increases in Asian stock markets and on Wall Street.

The Philippine Stock Exchange's 30-share composite index jumped 38.38 points to close at 1,924.30, from Wednesday's finish of 1,885.92.

A total of 1.31 billion shares valued at 2.76 billion pesos (56.90 million dollars) were traded.

Gainers outpaced losers 51 to 31, with 39 issues unchanged.

Analysts said the Philippine market will continue to track movements in Asian markets and on Wall Street as investors remained wary over the global economic slowdown. (dpa)

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