Manila Electric Company (MER) Stock Price

Data as of: 21-Nov-2024 Thu 3:30 PM / (Last Trade)
-1.20%
Price Data
₱500.00
₱497.00
₱484.80
₱503.50
₱345.80
Market Data
₱85.62 Million
₱556.79 Billion
43.33
₱11.40
₱161.12

The stock price of MER today is ₱494.00, based on the most recent trading session. MER share price decreased by 1.2% (see other notable decliners), with a trading volume of 174,270 shares.

Price Data by Timeframe

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 4% ₱481.00 ₱500.00 ₱450.00 257,308 shares ₱122.13 Million
1 Month 0.2% ₱488.04 ₱500.00 ₱450.00 186,858 shares ₱90.48 Million
3 Months 18.75% ₱458.67 ₱503.50 ₱402.80 223,374 shares ₱101.63 Million
6 Months 32.94% ₱419.67 ₱503.50 ₱352.20 218,334 shares ₱91.46 Million
YTD 23.81% ₱397.07 ₱503.50 ₱345.80 220,811 shares ₱87.43 Million
1 Year 32.44% ₱395.16 ₱503.50 ₱345.80 220,936 shares ₱87.08 Million


MER Stock Information
Sector
Industrial
Subsector
Elec., Energy, Power & Water
Outstanding Shares
1,127,098,705
Share Type
Common
Listing Date
Jan 08, 1992
ISIN
PHY5764J1483
10
Company Profile

Manila Electric Company (MER) is a leading private distribution utility established on May 7, 1919. The company operates under a congressional franchise granted by Republic Act (RA) No. 9209, which became effective on June 28, 2003. This franchise provides MER with the authority to construct, operate, and maintain the electric distribution system in various regions, including the cities and municipalities of Bulacan, Cavite, Metro Manila, and Rizal, as well as certain areas in the provinces of Batangas, Laguna, Pampanga, and Quezon. The franchise is valid for 25 years and will expire on June 28, 2028.

The primary business of MER focuses on the distribution and sale of electric energy through its extensive network of distribution facilities within its franchise area. The company serves a diverse customer base that is categorized into four main classes: residential, commercial, industrial, and streetlights.

MER also boasts a range of subsidiaries that support its core operations, including:

  • Meralco Industrial Engineering Services Corporation
  • Meralco Energy, Inc.
  • Clark Electric Distribution Corporation
  • MERALCO PowerGen Corporation
  • eSakay, Inc.

With a commitment to delivering reliable and efficient electric service, Manila Electric Company continues to play a crucial role in powering the growth and development of the regions it serves.