As stated by the PSE annual report on stock market accounts, online trading accounts grew by 27.8 percent to 302,516 in 2016 from 236,669 in 2015.
Total stock market accounts grew by 8.5 percent to 773,187 from 712,549 in the same comparable period.
Online trades made up 53.7 percent of total market transactions in 2016, the first time online transactions were responsible for bulk of trades.
“Technology has played a big role in the development of our investor base over the years. We’re pleased to see that more Filipinos have continued to adopt online trading to invest in the stock market,” PSE President and CEO Ramon S. Monzon said.
When it comes to geographic location, 96.1 percent of retail investors were based in the Philippines. The rest were based.
Of those based locally, 70.6 percent was in Metro Manila. The rest of Luzon accounted for 16.4 percent, Visayas for 6.2 percent and Mindanao for 2.9 percent.
Nearly 40 percent of investors were 30 to 44 years old, followed by 45 to 59 which accounted for 26.4 percent.
“We’re pleased with the continued growth of stock market investors in the market,” Monzon said.