Manila - Philippine shares rose 2.46 per cent Monday on plans by the United States government to buy as much as 1 trillion dollars in toxic assets on banks' accounts.
The Philippine Stock Exchange's 30-share composite index added 45.19 points to close at 1,879.09 from Friday's finish of 1,833.90.
A total of 554.25 million shares valued at 4.73 billion pesos (97.72 million dollars) were traded.
Gainers outpaced losers 53 to 29, with 38 issues unchanged.