The stock market bounced back to the 7,800 territory on Friday as the reported progress on the first phase of a long-hoped-for trade deal between the United States and China fueled positive investor sentiment.
The benchmark Philippine Stock Exchange index (PSEi) climbed by 1.76 percent or 136.56 points to end at 7,877.63, while the wider All Shares added 1.38 percent or 63.32 to finish at 4,662.07.