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PSEi rallies, returns to 7.2k level

THE local bourse rebounded after its preceding drop and returned to the 7,200 level on Thursday.

The 30-member Philippine Stock Exchange index (PSEi) gained 1.41 percent or 100.68 points to its intraday high of 7,233.26, while the wider All Shares increased by 1.42 percent or 53.52 points to finish at 3,836.11.