The Philippine Stock Exchange index settled at 7,108 on Tuesday, November 24, 0.97% lower than the previous day's close, on the back of profit taking.
Luis Limlingan of Regina Capital noted that local shares succumbed to profit taking as"foreign funds flock back into their region of domicile as good news came in upon the announcement of the 90% effectiveness rate ofForeign buying stood at P5.2 billion, while foreign selling reached P5.8 billion.Double Dragon -
It plans to offer up to 5.9 billion shares with an overallotment option for 594.2 million shares at a maximum price of P2.25 apiece.
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