Synergy Grid & Development Phils., Inc. (SGP) Stock Price
₱8.89
The stock price of SGP today is ₱8.89, based on the most recent trading session. SGP share price decreased by 0.67% (see other notable decliners), with a trading volume of 652,400 shares.
The table below provides a snapshot of the stock's performance over various timeframes.
Period | % Change | Average Price | Highest Price | Lowest Price | Average Volume | Average Trade |
---|---|---|---|---|---|---|
7 Days | -1.88% | ₱8.93 | ₱9.00 | ₱8.87 | 735,267 shares | ₱6.58 Million |
1 Month | -7.49% | ₱9.26 | ₱9.61 | ₱8.87 | 787,918 shares | ₱7.36 Million |
3 Months | -1.22% | ₱9.24 | ₱9.84 | ₱8.38 | 1,255,845 shares | ₱11.54 Million |
6 Months | -15.17% | ₱9.43 | ₱10.48 | ₱8.38 | 1,061,237 shares | ₱9.95 Million |
YTD | 35.73% | ₱9.05 | ₱10.72 | ₱6.52 | 1,524,613 shares | ₱13.74 Million |
1 Year | 47.19% | ₱8.78 | ₱10.72 | ₱6.04 | 1,451,051 shares | ₱12.87 Million |
Synergy Grid & Development Phils., Inc. (SGP) was originally incorporated on June 1, 1970, as Mankayan Minerals Development Company, Inc. On February 22, 1994, the Securities and Exchange Commission (SEC) approved the change in the Company's name to UEM Development Phils., Inc., along with a shift in primary purpose from engaging in mining activities to general construction and other allied businesses.
On March 28, 2011, the SEC approved another name change to its present designation, as well as an amendment to its primary purpose to engage in power, energy, utilities, infrastructure, and allied businesses.
On December 20, 2019, SGP entered into a share swap transaction with the stockholders of OneTaipan Holdings, Inc. (OTHI) and Pacifica2 Holdings, Inc. (P21). As a result of this transaction, SGP acquired 67% of the outstanding shares of both OTHI and P21.
- OTHI holds controlling shares in Monte Oro Grid Resources Corporation (MOGRC), which owns 30% plus one share in the National Grid Corporation of the Philippines (NGCP).
- P21 owns controlling shares in Calaca High Power Corporation (CHPC), which, in turn, owns 30% minus one share in NGCP.
This share swap was executed to consolidate the two major shareholders' ownership and control of NGCP under a common corporate structure. Consequently, SGP’s effective ownership in NGCP will be 40.20%, with control of 60% voting rights through its subsidiaries MOGRC and CHPC.