Philippine shares rise more than 2 per cent

Philippine shares rise more than 2 per centManila  - Philippine shares rose 2.3 per cent Friday after world leaders vowed to pump in more money into the International Monetary Fund to help troubled countries.

The Philippine Stock Exchange 30-share composite index gained 45.71 points to finish at 2,028.59, from Thursday's close of 1,982.88.

A total of 1.33 billion shares valued at 2.87 billion pesos (59.79 million dollars) were traded.

Gainers outpaced losers 82 to 20, with 30 issues unchanged.

Analysts said market sentiment was also boosted by a three-day rally on Wall Street amid hopes that the global recession was bottoming out and the world economy was on the way towards recovery. (dpa)

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