Strong earnings results of major companies drove the stock market back to the 8,000-point level, with blue chips SM, ALI and BPI leading the rally.
The benchmark Philippine Stock Exchange index rose 0.77 percent or 61.48 points to 8,055.06 at the close of Tuesday’s trade, while the wider All Shares index gained 0.44 percent or 20.86 points to 4,778.56.
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