GCash aims to widen access to stocks tapping GStocks users as analysts see market rebound

GCash, the Philippines’ top finance app and largest cashless ecosystem, aims to ramp up the user base of its stock investment platform as analysts see a recovery in financial markets this year. In 2023, GCash tapped AB Capital Securities, Inc. (ABCSI), to introduce GStocks PH to its millions of users, allowing them to diversify their portfolio and choose companies listed on the Philippine Stock Exchange (PSE).

 

The Philippine stock market is gearing up for a rebound in 2024 according to many analysts. As headline prices begin to ease, central banks across the world, led by the US Federal Reserve, are expected to shift the gears and lower interest rates. This move is set to favor growth assets, especially stocks, paving the way for an optimistic outlook. 

 

GCASH sees rise the stocks this 2024
GCash aims to widen access to stocks tapping GStocks users as analysts see market rebound

 

“All of these would mean potential renewed interest in local stocks, especially as trading volume dried up in 2023. This might be the year that Philippine stocks start coming back to life, presenting a good opportunity for long-term investors to participate in the growth that local companies can offer over time,” explained Mark Ilao, Head of Market Education at GCash. 

 

GStocks PH takes significant strides in gaining investors’ confidence by establishing itself as a reliable trading channel, and by offering well-timed investment insights and advisories to its users.

 

GStocks PH is a laudable innovation that allows  consumers  greater and wider access to the Capital Market that would otherwise be more challenging via traditional means. This is also in line with the Commission’s policy to further democratize wealth through equity participation which in turn strengthens the Philippine Stock Market,” said Commissioner Kelvin Lester K. Lee of the Securities and Exchange Commission (SEC).

 

PSE’s partnership with GStocks PH moves us a step closer to achieving greater financial inclusion by making the stock market more accessible to retail investors. We hope that as the market continues its recovery heading into 2024, more Filipinos will be able to take advantage of the growth of our publicly listed companies through stock investing,” noted Philippine Stock Exchange, Inc. President and CEO Ramon S. Monzon.

 

Close to 60% of Americans own stocks. Here, the number is less than 2%. Conventional wisdom states that our low number is due to a lack of savings. But this does not explain the higher ownership in crypto and widespread participation in online gaming. The missing link between the stock market and the public is easy access. GStocks PH will be that link.”, highlighted Antonio Jose U. Periquet, Jr., Executive Chairman of AB Capital and Investment Corporation.

 

With GStocks PH, GCash users can easily unlock the world of investing in local stocks – register easily, top up quickly and free of charge, as well as seamlessly invest in over 280 local companies listed on the PSE – all within the GCash app. Using the newest wealth tool of GCash, the Learning Hub, users can also access valuable and bite-sized content to better grasp financial concepts. GCash users can access the Learning Hub by going to GInvest from the main dashboard.

 

ABCSI continues to remind the public that any form of investment entails risk but these can be managed by thoroughly researching on which stocks to invest in and by keeping a diverse portfolio.

Eli

Eli has 28 years of extensive IT sales expertise in Data, voice and network security and integrating them is his masterpiece. Photography and writing is his passion. Growing up as a kid, his father taught him to use the steel bodied Pentax and Hanimex 135mm film and single-direction flash, Polaroid cameras, and before going digital, he used mini DV tape with his Canon videocam. He now shoots with his Canon EOS 30D. Photography and blogging is a powerful mixture for him.

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