Manila - Philippine shares rose for the fifth straight day on Friday, soaring 2.61 per cent amid brightening prospects for a recovery of the global economy.
The Philippine Stock Exchange's 30-share composite index gained 51.99 points to close at 2,040.25, from Thursday's finish of 1,988.26.
A total of 2.5 billion shares valued at 2.82 billion pesos (58.44 million dollars) were traded.
Gainers swamped losers 78 to 30, with 34 issues unchanged.