The Philippine stock market extended its gains on Friday on bargain hunting.
The bellwether Philippine Stock Exchange index gained 0.25 percent or 17.61 points to 7,067.73, while the broader all-share index was up by 0.28 percent or 11.88 points to 4,254.28.
Trading volume reached 1.82 billion shares worth 5.96 billion Philippine pesos (120.60 million U.S. Dollars) with 90 stocks advancing, 81 declining, and 50 were unchanged.
Of the six counters, only the financials and the property sectors bucked the trend.
"After a strong gross domestic product data, local bourse was able to sustain its rally," online brokerage 2TradeAsia.com said in its daily stock market comment.
The Philippines reported that the local economy grew by 7.1 percent in the third quarter.
Overseas, the online brokerage said cooperation from OPEC members before the November 30 meeting could help sustain rally today.
2TradeAsia.com put the local equities' immediate support at 6,950.
Stocks in the 30-company index finished mixed. Among those sold down were Jollibee Foods Corp., Metropolitan Bank and Trust Co., and SM Prime Holdings, Inc.
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