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PH stocks rebound after Friday's drop

Bargain hunting after the market's plunge last week enabled the local bourse to rebound back to the 6,400-point territory on Monday.

The benchmark Philippine Stock Exchange index (PSEi) gained 2.81 percent or 176.08 points to its intraday high of 6,446.31, while the wider All Shares climbed 1.28 percent or 50.41 points to end at 3,985.27.