Local shares got a boost on Thursday on news of progress toward producing a coronavirus disease 2019 (Covid-19) vaccine.

The benchmark Philippine Stock Exchange index (PSEi) rose by 2.49 percent or 154.37 points to close at to 6,364.08, while the wider All Shares climbed by 1.81 percent or 66.23 points to finish at 3,716.98.

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