Philippine shares surge on ‘year-end push’

Philippine shares closed the second trading of the week on the green side, even surging by 2 percent as investors seek for a year-end push.

“With only a week left before Christmas, investors hope for a year-end push lie just inches from the drain. True, Monday’s surprise 45.41 points rally kept the flames a flickering but Tuesday’s action added more than enough fodder to keep the fire burning,” Jun Calaycay, Accord Capital Equities Corp. analyst, said.