Philippine shares ended a losing streak on Thursday as investors bought bargain stocks oversold the past few days, in line with the global markets’ energy sector-led rebound in reaction to the Organization of Petroleum Exporting Countries’ (OPEC) move to cut oil output.
The main Philippine Stock Exchange index closed 1.23 percent or 83.67 points higher at 6,864.87, after surging to an intraday high of 6,943.20. The broader All Shares index gained 0.92 percent or 38.06 points to 4,158.53.
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