Manila  - Philippine share prices soared 2.81 per cent on Monday on optimism over easing world oil prices and Wall Street's strong performance last week.

The 30-share composite index gained 75.71 points to close at 2,768.52 from Friday's finish of 2,692.81.

A total of 3.774 billion shares worth 3.073 billion pesos (69.840 million dollars) were traded.

Gainers led losers 83 to 34, while 46 issues were unchanged.

Traders said investors snapped up blue chip stocks and bargain issues amid bullish sentiments, with oil prices still below 120 US dollars and Wall Street's more-than-2-per-cent rise last Friday. (dpa)