Business News
Philippine shares rise 3.14 per cent on eurozone bailout news
Sep 30, 2011, 5:22 GMT
Manila - Philippine shares on Friday rose 3.14 per cent, buoyed by the German parliament's approval of a bill that increased a bailout fund for ailing European economies.
The Philippine Stock Exchange's 30-share composite index gained 122.02 points to close at 3,999.65 from Thursday's finish of 3,877.63.
For the whole bourse, a total of 11.94 billion shares worth 4.91 billion pesos (111.97 million dollars) were traded.
Gainers swamped losers 118 to 32, while 34 issues were unchanged.
The bill approved by the German parliament on Thursday raised Germany's guarantee to the European Financial Stability Facility from 123 billion euros (166.5 billion dollars) to 211 billion euros.
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