LOCAL stocks extended their gains for a third day this week, breaching the 7,100 points psychological resistance following a global rally overnight on hopes of a broader European Central Bank stimulus program.

The Philippine Stock Exchange index (PSEi) gained 86.19 points or 1.22 percent to 7,154.22, while the wider All Shares added or 41.06 points or 0.98 percent to 4,218.29.

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