The stock market rose for a third straight day on Thursday as positive coronavirus vaccine news and the improvement in China’s services sector lifted it near the 7,200 level.

The Philippine Stock Exchange index (PSEi) jumped by 1.6 percent or 113.51 points to close at its intraday high of 7,194.13 while the wider All Shares gained 1.21 percent or 51.16 points to end at 4,273.25 on Thursday.

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