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MANILA, Nov. 26 (Xinhua) – The Philippine central bank said Thursday that foreign portfolio investments for October yielded net inflows of US $ 439 million after seven consecutive months of net outflows from March this year.
“This resulted in gross inflows of $ 1.4 billion exceeding gross outflows of $ 913 million for the month, (and) it is also a reversal of recorded net outflows of $ 494 million in September.” , the Bangko Sentral ng Pilipinas (BSP) said in a statement.
The BSP said registered investments of $ 1.4 billion for the month are more than double, or 127.8 percent, compared to the $ 594 million recorded last month, which was $ 759 million.
About 78.8 percent of recorded investments were in securities listed on the Philippine Stock Exchange, primarily owned by information technology companies, banks, holding companies, real estate companies, and food, beverage and tobacco companies. , while the remaining 21.2 percent went to investments in the government of the peso. values, said the BSP.
Outflows for October, which amounted to $ 913 million, were 16.0 percent lower than the September level of $ 1.1 billion.
BSP data showed that foreign portfolio investment transactions from January 1 to October 30 yielded net outflows of US $ 3.9 billion as a result of gross outflows of US $ 12.9 billion and gross inflows of US $ 9 billion. US dollars for that period.
“This is higher compared to net outflows of US $ 1.2 billion seen in the same period last year caused by uncertainties due to, among other things, the ongoing impact of the coronavirus disease (COVID-19) pandemic. in the global economy and financial system, along with national and international developments such as geopolitical tensions, certain corporate governance problems and extended quarantine measures in select regions of the country, “the BSP statement read.
Meanwhile, the BSP said year-to-date transactions for all investments, such as securities listed on the Philippine Stock Exchange, government peso securities and other investments, resulted in net outflows. Final product
