SMIC shares rose at record on 11th year

BILYONARYO.COM

SHARES of SM Investments Corp. (SMIC) reached new heights last week after the company celebrated its 11th year as a publicly listed firm.

Early last week, the share price of one of the country?s largest conglomerates reached an intraday high of P1,006 per share. It closed on Wednesday, the last trading day of the week, at P990.

SM shares were listed on March 22, 2005, with a price of P183.14 per share. ?Investors acknowledge the SM growth story. Its commitment to the Philippines is apparent with its retail, banking and property footprint constantly expanding and harnessing the opportunities and synergies across its business to deliver optimal results for the past 11 years,? said Cora Guidote, SM SVP for Investor Relations.