Last-minute buying allowed the stock market to bounce back from intraday declines, with investors said to have taken heart from the country’s hosting of a relatively trouble-free Association of Southeast Asian Nations (Asean) Summit.
The benchmark Philippine Stock Exchange index (PSEi) added 0.60 percent or 49.62 points to close at 8,379.64, while the broader All Shares rose 0.39 percent or 19.29 points to settle at 4,913.91.
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