GCash and AB Capital Make Stock Market Investment No Transaction Fee

 

GCash, the leading finance app in the country, has joined forces with AB Capital Securities Inc. (ABSCI) to eliminate the P20 broker’s commission fee in GStocks PH, aiming to stimulate more retail investor activity in the local stock market.

GStocks PH now imposes a flat commission fee of 0.25% on all transactions, making it one of the pioneering trading platforms to adopt lower fees.

This initiative follows the Security Exchange Commission’s (SEC) decision in April to abolish the minimum commission that stockbrokers could levy on their customers for transactions under P8,000. This move is intended to invigorate activity in the local stock market, aligning with the shared objective of enhancing the country’s capital markets and promoting economic growth.

“With this initiative, investing in the stock market has become more accessible and affordable than ever. Through GStocks PH, GCash aims to draw more retail investors, stimulate trading activity, and improve user experience by providing more cost-effective transactions on the platform. We believe that promoting stock market investments, together with our partner, ABSCI, can positively impact the economy,” stated Winsley Bangit, GCash Vice President and Group Head for New Businesses and Wealth Management.

The country’s benchmark, the Philippine Stock Exchange Index (PSEi), has been trading around the 6,600 level, bouncing back from its 6,400 low in April this year. According to ABCSI, the market outlook for the second half of 2024 is optimistic, driven by anticipated interest rate cuts. This development presents a great opportunity for investors to accumulate more stocks.

“Filipinos can leverage investment platforms like GStocks PH, as it will allow them to optimize their earning potential early on,” said Hazel Tan, ABCSI Head of Research.

With GStocks PH, GCash users can effortlessly venture into investing in local stocks. Users can register in just a few minutes using their GCash app, top up quickly and without any charges, and seamlessly invest in over 280 local companies listed on the PSE. GCash users can also access valuable and bite-sized content to better understand financial concepts through the Learning Hub, the newest wealth tool of GCash. GCash users can access the Learning Hub by navigating to GInvest from the main dashboard.

To embark on your investment journey, simply open your GCash app, navigate to GInvest, and select GStocks PH. Then, click on “AB Capital Securities, Inc.” and explore the stocks you can purchase at your fingertips.

As the country’s pioneer in diverse and inclusive finance, GCash and its partners are committed to leading efforts that will broaden Filipinos’ access to investments and assist them in building a more secure financial future, aligning with their missions of nation-building and financial inclusion.

FAQs

1. What is the new commission fee in GStocks PH? GStocks PH now offers a 0.25% flat commission fee on all buy and sell transactions.

2. What is the aim of removing the minimum commission fee? The aim is to stimulate more retail investor activity in the local stock market.

3. Who are the partners involved in this initiative? GCash, the leading finance app in the country, has partnered with AB Capital Securities Inc. (ABSCI) for this initiative.

4. What is the market outlook for the second half of 2024? The market outlook for the second half of 2024 is optimistic, driven by anticipated interest rate cuts.

5. How can GCash users start investing in local stocks? GCash users can start investing in local stocks by opening their GCash app, navigating to GInvest, selecting GStocks PH, and clicking on “AB Capital Securities, Inc.”