MANILA, Philippines — The stock market retreated anew yesterday on continued profit taking, analysts said. The mining and oil, services and industrial counters ended in positive territory while the financials, holding firms and property indexes ended in the red. Ed Francisco, president of BDO Capital, said the market is experiencing profit taking. However, because of positive developments, the index is likely to resume its uptrend, he said. TRAIN is expected to raise some P148 billion in fresh revenue, which the government said is vital to the Duterte administration’s plan to bankroll its P8-trillion Build Build Build infrastructure program.

Source: Philippine Star October 24, 2017 16:30 UTC