The bellwether Philippine Stock Exchange index went up 19.91 points or 0.27% to end at 7,273.52 on Thursday, while the broader all shares index advanced 5.38 points or 0.14% to close at 3,861.49.
This brought the full-year growth to 5.6%, rebounding from record 9.6% contraction in 2020. This was higher than the 5.3% median estimate and the 5%-5.5% 2021 growth assumption of the Development Budget Coordination Committee. Regina Capital Development Corp. Head of Sales Luis A. Limlingan said the GDP data buoyed local sentiment as global markets have been seeing sell-offs amid inflation concerns.
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