The stock market broke through the 5,900 territory on Thursday on encouraging data on the country’s manufacturing sector, raising investors’ hopes that economic recovery would continue.

The bellwether Philippine Stock Exchange index (PSEi) grew by 1.38 percent or 80.64 points to finish at its intraday high of 5,944.87 while the wider All Shares gained 0.95 percent or 33.43 points to close at 3,562.28.

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