Gross inflows for the month stood at $1.37 billion, with 51.2 percent of these investments going to securities listed on the Philippine Stock Exchange. The remaining 48.8 percent were directed toward peso-denominated government securities.
The central bank said this marked a strong recovery from the previous month’s net outflows of $27.26 million, indicating renewed investor confidence in the country's bond and equity instruments.
The Philippines experienced a net outflow of $27 million in portfolio investments in June 2024, a significant shift from the $43 million net inflows seen in May, the central bank said Wednesday evening.
The Philippine Stock Exchange was a major beneficiary of the funds, attracting 65% of registered investments, amounting to $685 million. The key sectors drawing investments included banks, holding firms, property, transportation services, and mining.