The stock market appeared headed for a decline on Friday but last-minute buying allowed it to extend a recovery to a fourth straight day and return to the 7,700 level.

The benchmark Philippine Stock Exchange index (PSEi) dropped to as low as 7,586.34 in the afternoon but then regained strength to end the day up 0.46 percent or 35.53 points to 7,701.38 from Thursday.

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