The PHILIPPINE stock market rebounded by more than 1 percent on Thursday after the House of Representatives approved on third and final reading the government’s tax reform package, fueling the investing public’s optimism.

The bellwether index rose 90.37 points, or 1.15 percent to finish at 7,927.49. The wider All Shares barometer surged by 0.96 percent or 44.82 points to settle at 4,730.32.

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