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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Philippine stock index climbs 3 percent AP - 1 hour 31 minutes ago MANILA, Philippines - Philippine shares climbed Friday, boosted by bargain hunting and the U.S. market's overnight gains. The Philippine Stock Exchange index rose 59.08 points, or 3.08 percent, at 1,978.05. Gainers outnumbered loses 49 to 26, with 47 issues unchanged. "We are tracking the American market," said Rene de los Reyes, a trader at Abacus Securities Corp. "Blue chip and market heavyweights are leading the way." He said bargain hunters snapped up stocks at rock-bottom prices as investors see the local bourse doing better than those in markets with stronger links to the U.S. economy. Top-traded Philippine Long Distance Telephone Co. gained 6.7 percent at 2,295 pesos. Ayala Corp., the country's largest conglomerate, rose 2.5 percent at 205 pesos. SM Investments Corp., a holding company with interests in banking, property and mall operations, was up 0.5 percent at 188 pesos. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business China bond funds post strong October gains-LipperReuters - 1 hour 15 minutes ago Rio postpones briefings to study market turmoilReuters - 1 hour 16 minutes ago Oaktree finding value in loans used for buyoutsReuters - 1 hour 29 minutes ago Philippine stock index climbs 3 percentAP - 1 hour 31 minutes ago S.Korea won at 2-wk closing low, off 5 pct on weekReuters - 1 hour 32 minutes ago Most Popular – Business Viewed Ancient 4,300-year-old pyramid discovered in Egypt Britney Spears's son hospitalized: statement Earth would be heading to a freeze without CO2 emissions China mulls crackdown on lip-synching Your favorite music = happy heart: study View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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