PHILIPPINE shares nearly hit the 8,000 level on the PSEi as the market cheered the centrists’ victory in the French presidential elections over the weekend, dousing fears another break off from the European Union should the nationalist won.

The PSEi was up 1.54 percent or 120.34 points to close at 7,962.33, while the broader All Shares gained 1.24 percent or 57.85 points to 4,731.25.

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