Manila - Philippine stocks surged 4.73 per cent on Thursday following gains in regional markets and the US Federal Reserve's interest rate cut, traders said.
The 30-share composite index added 84.29 points to close up for the second straight session at 1,864.93, from Wednesday's finish of 1,780.64.
A total of 1.885 billion shares worth 2.517 billion pesos (51.367 million dollars) were traded.
Gainers swamped losers 88 to 21, while 27 issues were unchanged.