PHILIPPINE stocks rose on bargain-hunting on Thursday as investors took their cue from the rise in regional markets, pushing the main Philippine Stock Exchange index (PSEi) back above 7,800 points.

The PSEi advanced 49.12 points or 0.63 percent to close at 7,839.82, while the wider All Shares index rose 0.60 percent or 26.92 points to 4,550.54.

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