Stock Exchange investors more cautious

Net investments made by non-residents on the Bucharest Stock Exchange registered a negative value in February for the first time in four months. The shares sold by non-residents last month were worth $62,000 more than the shares purchased. Although of little consequence, the value of the cash withdrawn by non-residents from the market in February is a major step back if compared with January, when non-residents buys were $1.5 million higher than sales. Both the buys and sales conducted by non-residents reached about $3.2 million each in February, compared with $3 million buys and about $1.5 million sales by non-residents in January. The high investments made by non-residents in the first month of the year coincided with a significant increase in quotes that month. ZF