PSE stock index (PSEi) composition – March 2014

Wondering why the stock price of Manila Electric Co. or Meralco (MER) has been increasing in the past days? In just one week, MER’s stock price has risen by 10.6%, closing at PHP282.00 in yesterday’s trading.

One reason could be the announcement that the power utility will soon be joining the benchmark Philippine Stock Exchange index (PSEi) starting next month.

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