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Broker Regina Capital Development Corp. gave a trade the range advise on the stock of SM Investments Corp. (SMIC) after its shares rose over the past trading sessions, and are now consolidating at higher levels.
Source: https://businessmirror.com.ph/2023/05/08/stock-market-outlook-55/
MANILA -Family-led conglomerates Ayala Corp., SM Investments Corp. and Cosco Capital saw strong consumer demand lift earnings in the first quarter while DMCI Holdings booked a sharp decline after riding the commodities boom last year.