Article: Roundup: Philippine stocks track U.S. rally

Roundup: Philippine stocks track U.S. rally

MANILA, Oct. 6 (Xinhua) -- The U.S. markets' strong rally last night, along with the good performance of select index movers, sent the Philippine market rallying on Tuesday.

The bellwether Philippine Stock Exchange index broke its weeks of lackluster trading after it climbed 2.3 percent or 64.98 points to settle at 2,884.46. The all share index was also up 1.59 percent or 28.48 points to 1,818.89.

Trading volume was unusually high again because of the special block sale of Manila Electric Co. (Meralco) -- Philippines' largest power distributor which secured 84 percent of the market.

Without this, market participation was low where only 1.96 ...

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