PHILIPPINE shares rebounded to the 7,800 level as bargain hunters scouted for oversold issues in the aftermath of the ups and downs in recent weeks, analysts said on Monday.

The bellwether PSEi gained 0.50 percent or 38.95 points at 7,806.57. The wider All Shares rose 0.45 percent or 20.68 points at 4,654.93.

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