Update 1: Philippine Shares End Up 0.7 Percent
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Philippine shares finished higher for the seventh straight session Thursday on follow-through buying anchored by improved investor sentiment, traders said.
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Philippine shares ended higher Wednesday, led by blue chips that gained on expectations of favorable third-quarter results due this week.
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The Philippine economy continued to grow robustly in the third quarter despite rising consumer prices, with the gross domestic product expanding by 6.3 per cent from a year ago
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Asian stocks rose on Monday, gaining 1 percent as Microsoft Corp's audaciousbid for Yahoo Inc and China's purchase of a largestake in takeover target Rio Tinto boosted optimism over share valuations.
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Asia&#39;s biggest stock exchange finished its final day of trading for the year yesterday on a high note, with stocks rallying to cap a year, during which the benchmark gained 7.6 percent on hopes Japan&#39;s economy is on a rebound.
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Investor's Business Daily - Asia is doing particularly well in 2006. Among the bright spots are iShares MSCI Singapore  (AMEX:EWS - News), up 13.67% this year.
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The Nikkei share average rose 0.12  percent to a 7-1/2-month closing high on Tuesday, supported by  gains in financial shares as investors saw chances of more  industry consolidation and on optimism over Japan's economy.
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The 30-company Philippine Stock Exchange Index ended up 16.90 points, or 1.1 percent, at 1,573.27, after giving up 2.4 percent in the past two sessions, including Wednesday&#39;s 0.7 percent loss.
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The Straits Times Index closed 1.74 points, or 0.1 percent, lower at 2056.24. It fell as low as 2040.79 in the morning. Gainers, however, led decliners 184 to 162, while trading volume was 476.4 million shares compared with Friday&#39;s 492 million shares.
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The Asian Development Bank (ADB) upgraded its gross domestic product (GDP) growth forecast for the Philippines from 5% to 5.5%, it was learned Wednesday.
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Philippine shares closed up sharply Wednesday, hitting its highest close in nearly 53 months, on heavy foreign buying inspired by improving investor sentiment toward the country.
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MANILA (Dow Jones)--Improved revenue collection and tighter controls on government spending kept the Philippines&#39; budget deficit well below the administration&#39;s ceiling in the 10 months to October, spurring confidence in the market about the government&#39;s
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Europe&#39;s main stock markets rallied in morning trading on Monday after Tokyo&#39;s main equity index hit a fresh seven-year high following a positive end to last week in the United States.
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Asian stocks rose in US trading. Sony Corp. gained after the world&#39;s No. 2 consumer-electronics maker agreed to resolve a dispute over patents related to digital cameras.
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Philippine shares finished lower Friday for the fourth straight session, led by losses in blue chip Philippine Long Distance Telephone Co.
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Shares of PortalPlayer Inc. (PLAY.O: Quote, Profile, Research) jumped as much as 62.4 percent in their first day of trading on Friday after the company&#39;s initial public
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The Philippine economy maintained its solid growth in the first nine months of the year as gross domestic product (GDP) expanded by 6.5 percent, well on track of the governmentâs full-year target.