PHILIPPINE shares rose back to the 7,000-territory on the PSEi as the second quarter economy and the gains carved by US markets encouraged investors to take positions on Thursday.

“The rebound of the market is a welcome relief amidst the uncertainties in the global markets. The second quarter growth numbers highlight the resilience of the economy despite the challenges abroad, and we hope that investors continue to look at the Philippines as a viable investment,” PSE Chairman Jose T. Pardo said in a statement.

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