PSE-GCash partnership boosts stock market accounts in 2023

  • 📰 gmanews
  • ⏱ Reading Time:
  • 24 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 68%

Pse Notícia

GCASH,Gstocksph

Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.

Stock market accounts saw a double-digit growth in 2023, thanks to the Philippine Stock Exchange’s partnership with mobile wallet GCash which made opening of stock market accounts more accessible to the public.In a statement on Wednesday, the PSE reported that it booked a total of 1,906,019 stock market accounts as of end-2023, up 11.3% or 193,285 accounts from 1,712,734 accounts in 2022.

2% or 266,861 accounts.“Giving e-wallet holders direct access to the stock market is instrumental in our drive to increase retail investor participation in the market,” said PSE president and CEO Ramon Monzon.In terms of classification, retail investors made up 98.5% of total accounts while the remaining 1.5% belonged to institutional investors. Similarly, local investors made up 98.5% of total accounts while the remaining 1.5% were foreign investors.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 11. in BR

Brasil Últimas Notícias, Brasil Manchetes