Manila - Philippine shares rose 2.51 per cent on Thursday as investors snapped up bargain stocks, buoyed by strong performances in Wall Street and other Asian markets.
The Philippine Stock Exchange's 30-share composite index gained 48.26 points to close at 1,988.28 from Wednesday's finish of 1,939.69.
A total of 1.18 million shares valued at 2.73 billion pesos (56.28 million dollars) were traded.
Gainers outpaced losers 84 to 21, with 34 issues unchanged.
New York - US stock indices made gains Wednesday after government figures showed demand is rising for long-lasting goods and housing.
Durable goods orders increased 3.4 per cent in February, and purchases of new homes jumped 4.7 per cent, adding to a spate of slightly more positive economic news coming out of the United States in the last week.
The blue-chip Dow Jones Industrial Average rose 89.84 points, or 1.17 per cent, to 7,749.81, rallying during the final hour from a more than 100-point drop earlier in the afternoon.
Hong Kong - Hong Kong stocks recovered the bullish sentiment seen earlier week after the benchmark Hang Seng index climbed 3.6 per cent on Thursday.
Sydney - Australian stocks continued thei
Manila - Philippine shares rose 2.51 per cent on Thursday as investors snapped up bargain stocks, buoyed by strong performances in Wall Street and other Asian markets.
Tokyo - Tokyo stocks ended Thursday morning trading higher on a more positive outlook of the US economy.
New York - US stock indices made gains Wednesday after government figures showed demand is rising for long-lasting goods and housing.
Benchmarks were trading on a choppy note with a positive bias ahead of March F&O series expiry and meager performance by the worldwide markets.
