Shares of SM Investments Co. (OTCMKTS:SVTMF – Get Free Report) were up 12.5% during mid-day trading on Monday. The company traded as high as C$9.00 and last traded at C$9.00. 7,250 shares traded hands during mid-day trading, an increase of 1,188% from the average daily volume of 563 shares. The stock had previously closed at C$8.00.
SM Investments Price Performance
The firm has a fifty day moving average of C$8.56 and a 200 day moving average of C$10.02.
SM Investments Company Profile
SM Investments Corporation is a Philippine holding company with core businesses in retail, property development and banking. Its retail operations include department stores, supermarkets and specialty stores, while its property interests include shopping malls, residential developments, offices, hotels and convention facilities. The company also has interests in financial services, including banking. The company traces its roots to a shoe store founded by Henry Sy in Manila in 1958. That business grew into the SM retail group and later expanded into property and banking, making SM Investments one of the Philippines’ major diversified conglomerates.
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