Manila Bulletin
MANILA, Philippines — The Philippine Stock Exchange (PSE) said investor accounts grew 4.8 percent to 498,838 in 2010 from 476,194 accounts the previous year.
In a study conducted by the PSE, retail or individual accounts continued to grab the lion’s share at 95 percent or 474,002 of total accounts while institutional accounts or those held by corporations cornered 5 percent.
“We are pleased to note that the number of investors is nearing the 500,000 mark. We remain cognizant of the challenges facing the PSE as not even a percent of the population is represented in the stock market,” PSE President and Chief Executive Officer Hans B. Sicat said.
In terms of nationality, accounts held by local investors comprised 98.5 percent of total accounts while foreign accounts cornered 1.5 percent. Foreign accounts were however more active than their local counterparts in 2010. Of the total foreign accounts, 36.8 percent were active while only 23.9 percent of total local accounts were considered active. Both local and foreign accounts grew in 2010 by 4.6 percent and 13.6 percent, respectively.
Read here
MANILA, Philippines — The Philippine Stock Exchange (PSE) said investor accounts grew 4.8 percent to 498,838 in 2010 from 476,194 accounts the previous year.
In a study conducted by the PSE, retail or individual accounts continued to grab the lion’s share at 95 percent or 474,002 of total accounts while institutional accounts or those held by corporations cornered 5 percent.
“We are pleased to note that the number of investors is nearing the 500,000 mark. We remain cognizant of the challenges facing the PSE as not even a percent of the population is represented in the stock market,” PSE President and Chief Executive Officer Hans B. Sicat said.
In terms of nationality, accounts held by local investors comprised 98.5 percent of total accounts while foreign accounts cornered 1.5 percent. Foreign accounts were however more active than their local counterparts in 2010. Of the total foreign accounts, 36.8 percent were active while only 23.9 percent of total local accounts were considered active. Both local and foreign accounts grew in 2010 by 4.6 percent and 13.6 percent, respectively.
Read here
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