Philippine stocks rose 2.10 per cent Friday on bargain hunting after two days of huge losses over concerns the US Federal Reserve was reducing stimulus measures, dpa reported.
The 30-share composite index of the Philippine Stock Exchange gained 128.18 points to finish at 6,242.26.
More than 1 billion shares worth 10.86 billion pesos (253.74 million dollars) were traded. Advancers led decliners 111 to 50, while 41 issues were unchanged.
The index had lost more than 9 per cent in the week as foreign investors fled Asian equities markets on fears prices would go down if the US cuts back on an 85-million-dollar bond-buying programme.