USD 87.0354

-2.01

EUR 93.2994

-2.09

Brent 85.16

-0.28

Natural gas 2.898

-0

574

Philippine Shares Rose

Philippine shares rose on Monday as investors picked up select bargains across the board, with the drop in crude oil prices below $130

Philippine Shares Rose

Philippine shares advanced on Monday as investors picked up select bargains across the board, with the drop in crude oil prices below $130 a barrel bringing some relief to a market rattled by soaring inflation and the possibility of a more serious global economic downturn.

But turnover shrank further to 1.5 billion pesos from last week's daily average of 1.8 billion pesos, indicating many investors were still reluctant to make aggressive moves and push prices much higher.

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