SHARE prices rallied on Wednesday to regain the 7,200 mark, fueled by investor reaction to news that the Philippines has won an investment grade from a South Korean credit ratings firm, followed by the World Economic Forum’s (WEF) Global Competitiveness index showing the country moved several notches higher.

The Philippine Stock Exchange index (PSEi) surged 99.46 points or 1.40 percent to close at 7,206.02, after hitting an intraday high of 7,216.41. The wider All Shares index advanced 44.17 points or 1.05 percent to 4,252.99.

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