The increase in online trading accounts means greater accessibility of the stock market for the investing public, according to Ramon Monzon, Philippine Stock Exchange President and CEO.
Monzon said, “The preference for opening online accounts continues to rise since technology has made investing more accessible to investors. At the PSE, we also continue to enhance and develop online services that will benefit the investing public.”
He added, “The (real estate investment trust) listings we’ve had attracted a good number of retail investors, particularly Local Small Investors who use PSE EASy for their initial public offering subscriptions. We expect the upcoming (initial public offerings) and REIT listings to continue to support the growth in retail investors.”
When lockdowns eased in April 2020, on-site trading was allowed under strict health protocols, but trading has been shortened to four hours from the original seven hours.