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PSEi rallies back to 7,000

THE Philippine bourse snapped its losing streak on Friday and concluded the trading week in the 7,000-point territory.

The 30-member Philippine Stock Exchange index (PSEi) increased by 1.33 percent, or 91.99 points, to its intraday high of 7,018.02 while the wider All Shares gained 1.03 percent, or 38.22 points, to finish at 3,739.45.