PH stock market pares gains in shortened trade to watch Duterte’s SONA

Philippine share prices rallied on investor anticipation of President Rodrigo Duterte’s first State of the Nation address (SONA) on Monday, but closed with pared gains as the afternoon session was cut half an hour shorter than usual to allow traders to listen to the public broadcast of the new leader’s speech.

Analysts expect a fuller market reaction to the SONA on Tuesday.