Stock Exchange president: Foreign participation to BVB down from 40 to 28%
On the other hand, despite declining foreign purchases on the domestic exchange, sales and acquisition deals kept in a balance, except for January, when foreigners sold massively.
However, foreign capital outflows through sales were offset or even exceeded by incoming fresh capitals to the market.
The BVB official also suggested that BVB investors have a preponderantly speculative behavior.
According to data centralized by the National Securities Commission (CNVM), foreign capital inflows to the Stock Exchange stood at 296 million euros (1.086 bln lei) in H1 2008, by 53% more than outflows, which stood at 192.83 million euros (709.3 million lei).