The stock market continued to rally on Wednesday on the back of Tuesday’s gains and a new economic stimulus package unveiled by American lawmakers.

The bellwether Philippine Stock Exchange index (PSEi) rose by 1.01 percent or 71.06 points to close at another intraday high of 7,080.62 while the broader All Shares gained 0.53 percent or 22.42 points to finish at 4,222.09.