The euphoria over the country’s first-quarter 7.7-percent gross domestic product (GDP) growth was felt on Friday at the local stock market, which brought back the benchmark index to the 7,000-point level.

“Basically after the continued sell off this morning, some investors were able to digest already the implications in the GDP growth, and then it gave them confidence to buy again in the market,” Astro del Castillo, First Grade Finance managing director, said.

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