Hot money flows to PH markets turned positive in January

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According to data from the Bangko Sentral ng Pilipinas, foreign portfolio investments registered with the agency for January 2021 yielded net inflows of $98 million. | daxINQ

The central bank noted that the $952 million in gross registered investments for January reflected a 12.2 percent decline compared to the $1.1 billion recorded in December 2020, or by $132 million.

Of these registered investments, 62.1 percent went to PSE-listed stocks pertaining mainly to banks, holding firms, property companies, food, beverage and tobacco companies and transportation services firms, while the remaining 37.9 percent went to investments in peso-denominated government securities.

 

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