Prospect of SM Prime Holdings, Inc.’s reclamation projects in Manila Bay were dimmed by the government’s planned rehabilitation efforts there, making it the most actively traded issue on the market last week. Data from the Philippine Stock Exchange showed a total of P3.917 billion worth of 103.030 million SM Prime shares having exchanged hands on the trading floor from Jan. 14-18. Shares in SM Prime stood at P39.40 last Friday, up P1.10 or 2.9% from the P38.30 close the previous day.

Amoguis, M. T. (2019, January 21). Manila Bay rehabilitation hangs over SM’s reclamation project. BusinessWorld, p. S1/4.