Shares rise after CREATE bill ratified
Philippine shares closed higher on Thursday following the ratification of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill.
The 30-member Philippine Stock Exchange index (PSEi) rose by 44.29 points or 0.64% to end at 6,903.75, while the broader all shares index increased by 22.07 points or 0.53% to close at 4,165.33.
Philstocks Financial’s Japhet Louis O. Tantiangco noted that economic recovery hopes were bolstered by the CREATE bill's ratification, encouraging investors to buy shares.
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