PHILIPPINE shares retreated on profit-taking in Monday morning trade following Friday’s gains. Most investors stayed on the sidelines ahead of President Rodrigo Duterte's second state of the nation address (SONA), which is scheduled to start after the market has closed.
The benchmark index slipped 0.28 percent or 22.35 points to finish the morning session at 7,967.38. The wider All Shares dropped 0.23 percent or 10.96 points to 4,760.68.
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