SHARE prices on the Philippine Stock Exchange surged on Monday, pushing the benchmark index up 106.70 points or 1.34 percent to close at 8,069.81, despite various analysts suggesting last week that the market would slide at the onset of the ghost month of August.

The energy for Monday’s rally came mainly from expectations that the US Federal Reserves might delay again any upward adjustment to its key interest rates, now that US economy has marked slower than expected growth.

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