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Securities in the Property Sector registered a 4.5 percent growth in net profit on higher real estate sales and rental income.“We are hopeful that the profitability shown by listed companies in 2016 will be sustained through 2017.
Investors with online accounts trade themselves, typing in their buy or sell orders on their online trading platform whereas investors with accounts in traditional stockbrokerage firms have to call their broker to place their orders.We believe that the growth story of the country is very much intact and this should continue to attract investors into our stock market,” PSE President and CEO Ramon Monzon said.The annual PSE report on stock market accounts also showed online accounts went up by 27.8 percent to 302,516 from 236,669 in 2015.This was followed by investors earning above P1 million at 31.1 percent while investors with an annual income of P500,000 to P1 million made up 25.2 percent of the total retail investors.Meanwhile, close to 40 percent of investors were aged 30 to 44.The 2016 net income of PSEi members went up by 12.1 percent to P472.93 billion.
The 30 companies comprising the PSEi also accounted for 69.2 percent of the total market’s net profit.
All sectors also posted higher net profits in 2016.
The Services Sector showed the biggest gain, up by 34.7 percent to P93.6 billion on robust revenues from its constituent companies.
The 45- to 59-year-old investors covered 26.4 percent of the total count and those who are 60 and above comprised 19.3 percent.
The young millennials or those between 18 and 29 had accounted for 14.8 percent of investors.
Luzon cornered 16.4 percent of investors with Visayas and Mindanao making up for 6.2 percent and 2.9 percent, respectively.