Philippine share prices surged by more than 2 percent on Thursday as buyers swarmed the market following the announcement of the Federal Reserve that it would keep its interest rates unchanged, analysts said.

The benchmark Philippine Stock Exchange Index (PSEi) soared by 2.06 percent or 145.51 points to close the trading day at 7,210.90, while the wider All Shares jumped by 1.71 percent or 69.78 points to finish at 4,159.03.

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