The local stock market closed the week back to where it was above the 7,200-point level, drawing support from Moody’s upgrade of the Philippines’ sovereign credit rating.
The Philippine Stock Exchange index (PSEi) gained 2.15 percent or 152.11 points to close Friday’s session at 7,224.21, while the wider All Shares index rose 1.83 percent or 76.06 points to 4,238.28.
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