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.
Source: News Formal (newsformal.com)
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