Business
The 2023 stock market accounts amount to 1.9M
The Philippine Stock Exchange, Inc. (PSE) had a total of 1,906,019 stock accounts at the end of 2023, an increase of 11.3% or 193,285 accounts from 1,712,734 accounts in 2022.
This growth is mainly due to new accounts opened through the GStocksPH platform, which also increased the share of online accounts to 80 percent of total stock accounts.
Online accounts stood at 1,525,768 at the end of 2023, up 21.2% or 266,861 accounts.
PSE President and CEO Ramon Monzon said giving e-wallet holders direct access to the stock market has been instrumental in PSE's drive to increase retail investor participation in the market.
The partnership between PSE and the Department of Migrant Workers to provide financial education and stock investment sessions to overseas Filipino workers and their families could significantly increase the number of retail investors in the stock market a once fully implemented.
In terms of classification, retail investors accounted for 98.5 percent of the total accounts while the remaining 1.5 percent belonged to institutional investors.
Similarly, local investors accounted for 98.5 percent of the total accounts, while the remaining 1.5 percent were foreign investors.
In the online space, retail accounts accounted for 99.9% of total online accounts.
Local investors held 98.8 percent of online accounts, while foreign online accounts occupied the remaining 1.2 percent.
The average value per online transaction increased by 1.8 percent to P47,050.48 from the 2022 average of P46,236.40.
Meanwhile, the average value per transaction in 2023 in terms of total market transactions was P85,385.54, an increase of 9.6% from P77,926.41./ RP
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Sources 2/ https://www.sunstar.com.ph/cebu/2023-stock-market-accounts-stands-at-19m The mention sources can contact us to remove/changing this article |
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