The number of active stock market accounts increased as the novel coronavirus disease pandemic prompted more market participation.
Philippine Stock Exchange President and Chief Executive Officer Ramon Monzon said, “We noted that there was a 35.6 percent increase in the number of active accounts last year. The pandemic prompted retail investors to actively participate in the stock market.”
In 2020, average daily number of trades rose by 34 percent while retail participation surged by 48 percent year-on-year.
Domestic investors had a 98 percent share of stock market accounts.
The biggest number of domestic investors were based in Metro Manila at 76 percent, followed by Luzon at 14 percent then Visayas at 6 percent and Mindanao at 3 percent.
Overseas investors held the remaining 2 percent of the shares.
The top five nationalities of foreign investors were Chinese, Japanese, American, British and Korean.