Lockdown hopes, Create OK lift stocks

The stock market continued to advance on Tuesday on hopes that lockdowns would be eased soon and after the Corporate Recovery and Tax Incentives for Enterprises (Create) bill moved one step closer to being signed.

The benchmark Philippine Stock Exchange index (PSEi) rose by 0.78 percent or 53.12 points to end at 6,867.88 while the wider All Shares climbed by 0.99 percent or 40.50 points to close at 4,144.17.