CHEERED by the lower-than-expected December inflation figure of 2.7 percent, investors continued to support the local stock market despite declines abroad.

The Philippine Stock Exchange index (PSEi) closed Wednesday’s trade up 0.44 percent or 31.96 points at 7,309.70, while All Shares index climbed 0.39 percent or 16.88 points to finish at 4,302.62 points.

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