Foreign Portfolio Investments Up in June

Foreign portfolio investments booked a net inflow of $450.87 million in June, a reversal of the $521.99 million net outflow recorded in the same month last year. This is also higher than the $72.81 million net inflow registered last May. Inflows rose 7.1 percent to $1.81 billion in June from $1.69 billion in June last year largely due to large inflows in shares of Bank of Tokyo Mitsubishi UFJ Ltd (BTMU), which pumped in P37 billion in exchange for a…

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