MANILA, Philippines (AP) - Philippine shares closed sharply higher Monday, with the main index registering its best close in nearly 56 months on heavy foreign demand, anchored on technical factors, Wall Street's gains Friday and expectation of favorable third-quarter corporate earnings.
The benchmark 30-company Philippine Stock Exchange Index ended up 64.35 points, or 3.6 percent, at 1,851.60, its highest finish since Feb. 18, 2000, when it closed at 1,884.28.
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