Online Accessibility Boosts Stock Market Accounts in 2024

A surge in online accounts has boosted the number of stock market accounts in the Philippine Stock Exchange to its highest level last year.

- — Richmond Mercurio

The PSE said stock market accounts reached 2.86 million in 2024, 50.1 percent higher than the 1.91 million the previous year.

The significant increase was attributed to a 62-percent rise in online accounts to 2.47 million from 1.53 million in 2023.

PSE president and CEO Ramon Monzon said the 50 percent jump in the number of accounts in 2024 was the highest the exchange has recorded since it started tracking the investor count and profile in 2008.

"This substantial growth was made possible by the enabling of digital platforms to connect to PSE's trading engine, thereby facilitating the trading by investors in the market. PSE is committed to being true to its advocacy of promoting financial inclusion," Monzon said.

Of the total account owners, 98.9 percent were comprised of retail investors, while institutional investors made up the remaining 1.1 percent.