The Philippine Stock Exchange (PSE) reported that the number of online stock market accounts in the Philippines has breached the one million mark in 2021.
The Philippine Stock Exchange reported that the number of online stock market accounts in the Philippines has breached the one million mark in 2021.
The previous record was 220,603 accounts registered in 2018. For 2021, total stock market accounts rose by 16.0 percent to 1,620,017.“I believe having a record number of initial public offerings and follow-on offerings for 2021 contributed to the growth of our investor base. In fact, the Local Small Investor tranche of two of the eight IPOs last year were oversubscribed,” said PSE President and CEO Ramon S. Monzon.Online investor accounts were responsible for 74.
The value of trades for online and non-online includes both buy and sell sides but does not include block sales. The youngest age bracket, 18 to 29 years old, now has the most number of investors as the count for this age group went up to 35.0 percent of total retail accounts from 22.5 percent in the prior year.
Most investors received an annual income of less than P500,000.00, accounting for 62.2 percent of retail account owners. Investors who earned between P500,000.00 to P1 million annually made up for 20.9 percent of retail account holders while the remaining 16.9 percent of retail investors had an income of over P1 million.
He added that, “We welcome and encourage them to continue with their investing activities, but we wish to remind them to have an investing mindset and not a speculative one.”
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