LOCAL shares closed the week higher on bargain-hunting interest in recently sold-down stocks, with company earnings results and Wall Street’s strong gains providing additional support.

On Friday, the Philippine Stock Exchange index (PSEi) gained 18.71 points or 0.26 percent to 7,217.34, while the wider All Shares index added 8.90 points or 0.21 percent to 4,245.96.

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