The stock market regained some ground to return to the 7,000 level on Thursday, with investors welcoming the latest US data pointing to the Fed not hiking policy rates anytime soon.

The benchmark Philippine Stock Exchange index (PSEi) gained 120.63 points to 7,045.40, up 1.74 percent, while the All Shares index rose by 1.43 percent or 56.88 points to 4,046.37.

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