Non-residents pump 54m euros in BSE

The inflows of foreign capital on the capital market reached a record high in November, when non-residents put more than 94.1 million euros into the brokers” accounts, nearly four million euros more than the previous peak reached in September. A new record was also set in terms of net inflows of capital (the difference between inflows and outflows), which exceeded 54.6 million euros, double the previous peak in October last year. The foreign investment on the capital market doubled this year to 130 million euros for the first 11 months compared with 62 million euros for the same time in 2004. A number of 11 more non-resident legal entities entered the market as investors last month, while no such investor left last month, according to the data provided by the National Securities Commission (CNVM). The record capital inflows were mainly due to the transactions of more than 16 million euros by which the Indians at GHCL took over soda ash producer Bega Upsom. Non-residents bought 97.4 million euros worth of shares on the capital market in November, almost 23 million more than in the previous month. They sold 54.7 million euros” worth, over 13 million euros less than in October. ZF