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PSEi surges close to 6,700 points

THE local shares index breached the 6,700-point territory on Wednesday amid the rally of US equities and better income results of corporations in the first three months of the year.

The bellwether Philippine Stock Exchange index (PSEi) jumped 2.02 percent, or 132.94 points, to another day high of 6,727.60, while the wider All Shares increased by 1.6 percent, or 56.41 points, to finish at 3,590.06.

Philippine Stock Exchange