The local stock market escaped from its losing trend on Thursday even as investors started to get cautious on global developments.
After a two-day slump, the Philippine Stock Exchange index (PSEi) managed to recover and climbed by 1.12 percent, or 73.63 points to 6,648.35, while the wider all-shares index went up 1.11 percent, or by 44.47 points to 4,051.34.
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