Stock market accounts reached 1.906 million in 2023, up 11.3 percent from 1.71 million in 2022 as more individuals opened new accounts through the GStocksPH platform, according to the Philippine Stock Exchange’s annual stock market investor profile report.
The number of accounts, however, was muted by the cleanup of dormant accounts done by trading participants in accordance with Republic Act No. 9160 or the Anti-Money Laundering Act. Meanwhile, retail accounts comprised 99.9 percent of total online accounts with local investors owning 98.8 percent of the online accounts. Foreign online accounts took up the remaining 1.2 percent.
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