Online stock market accounts breach 1 million in 2021 —PSE

  • 📰 gmanews
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

In its annual stock market investor profile (SMIP) report, the PSE said that online investor accounts totaled 1,159,034, up 23.8% from 936,200 in 2020.

The local bourse operator said online accounts comprised 71.5% of total stock market accounts in 2021.

The surge in online accounts also paved the way for the total number of accounts to post its highest year-on-year increase in terms of new accounts at 223,264.For 2021, total stock market accounts rose by 16% to 1,620,017. The PSE noted that online investor accounts were responsible for 74.7% of total trades in the stock market in 2021, equivalent to 21.45 million trades, up 20.6% from 17.78 million transactions in 2020.

However, non-online accounts still registered a much higher trading value at P2.92 trillion, up 11% from P2.63 trillion in 2020.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in BUSİNESS

Business Business Latest News, Business Business Headlines