Sumitomo Mitsui Financial Group Inc (SMFG) has risen sharply, recording gains of 2.9% in the past 4 weeks. However, the stock has corrected -1.79% in the past 1 week, providing a good buying opportunity on dips. Sumitomo Mitsui Financial Group Inc (SMFG) : During the past 4 weeks, traders have been relatively bearish on Sumitomo Mitsui Financial Group Inc (SMFG), hence the stock is down -3.61% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.39% relative to the S&P 500.
Sumitomo Mitsui Financial Group Inc (NYSE:SMFG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.01 and $5.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.04. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.03, notching a gain of 0.50% for the day. The total traded volume was 1,945,080 . The stock had closed at $6.00 on the previous day.
The stock has recorded a 20-day Moving Average of 3.3% and the 50-Day Moving Average is 0.46%. Sumitomo Mitsui Financial Group, Inc. has dropped 12.1% during the last 3-month period . Year-to-Date the stock performance stands at -20.55%.
Sumitomo Mitsui Financial Group, Inc. (SMFG) is principally engaged in the operation of banking business. The Banking segment is engaged in the operation of deposit business, lending business, trading securities buying and selling business, securities investment business, domestic and foreign exchange business, corporate bond trustee and registration service, trust business, securities investment trust and insurance counter sales. The Lease segment operates leasing activities. The Securities segment operates securities business. The Consumer Finance segment operates credit card business, consumer credit business, consumer lending business, automobile sales finance business, collecting agency and factoring business. The Other segment operates system development and information processing business, consulting and think tank business, venture capital business, business consulting operations, pension and investment management business, as well as other related financing services.