Meralco stocks continue hot streak

Meralco stocks continue hot streak By Zinnia B. Dela Peña Updated July 29, 2009 12:00 AM MANILA, Philippines – Shares of power utility giant Manila Electric Co. (Meralco) continued its hot streak as its price zoomed up 21.1 percent yesterday on renewed speculations the company’s major shareholders are on a sustained buying binge to tighten their grip on the company.

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Meralco (PSE: MER)

On Broker’s Analysis Huge crosses again mostly at 250/share. My boss is happy as he was amongst those who executed 1 of the 3 blocks (other 2 were Wealth and Macquarie Securities). Daily Chart Weekly Chart Monthly Chart It just came to my mind, how many points did Meralco’s 5-fold rise contributed to the PSE index?

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