Philippine stocks up for third straight day
Manila - SPA
Philippine share prices closed more than 2 per cent higher for the third straight day Friday, as concerns eased over apossible change in US monetary policy. The 30-share composite index of the Philippine Stock Exchange added 137.28 points, or 2.17 per cent, to close at 6,465.28. Analysts said market sentiment was partly boosted by Wall Street's 114-point rise overnight, after a US Federal Reserve official calmed fears about a plan to cut back on stimulus measures.
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