Local equities on the last trading session for the year increased its third time for the week as the Philippine benchmark stock index undergo short term to medium term rally.

The Philippine Stock Exchange index (PSEi) was raised by 0.20 percent or 11.51 points to 5,889.83, while the All Shares index went up by 0.33 percent or 11.79 points to 3,614.31.

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