Yahoo Philippines News - Live 2013 Philippine Elections News Updates and Results: PHL shares rally on Fed stimulus

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PHL shares rally on Fed stimulus Oct 30th 2013, 16:58 Philippine shares rallied Wednesday, mirroring gains overseas, as optimism over the US Federal Reserve's bond-buying stimulus drove investors to take positions. Miguel Agarao, analyst at Wealth Securities Inc., said the market was strong, on the heels of gains registered in the US and Asian markets. "The market's run up was broad-based, with most index heavyweights showing some strength," Agarao told GMA News Online.

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