Manila Electric Company (MER) Stock Price
₱503.00
The stock price of MER today is ₱503.00, based on the most recent trading session. MER share price increased by 2.03% (see other notable gainers), with a trading volume of 368,840 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 | 5.01% | ₱492.60 | ₱503.00 | ₱484.60 | 230,065 shares | ₱113.46 Million |
1 Month | 3.5% | ₱486.40 | ₱503.00 | ₱478.00 | 176,586 shares | ₱85.85 Million |
3 Months | 1.82% | ₱484.05 | ₱503.00 | ₱450.00 | 209,671 shares | ₱101.23 Million |
6 Months | 29.64% | ₱456.26 | ₱503.50 | ₱379.80 | 221,828 shares | ₱100.96 Million |
YTD | 3.29% | ₱486.75 | ₱503.00 | ₱478.00 | 187,616 shares | ₱91.39 Million |
1 Year | 31.19% | ₱411.42 | ₱503.50 | ₱345.80 | 224,863 shares | ₱92.21 Million |
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.