Philippine shares advanced in a second-day rebound to revisit the 7,900-point territory, powered by the confluence of Wall Street’s overnight gains, some positive first-quarter earnings results and slower April inflation.

The Philippine Stock Exchange index (PSEi) rose 102.77 points or 1.31 percent to finish at 7,919.21. The broader All Shares index gained 54.84 points or 1.22 percent to 4,552.23.

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