Non-residents go for SIFs

Foreign investors continued to put money into the accounts of brokers throughout last month, with net capital inflows amounting to 12 million euros, the National Securities Commission (CNVM) says. The net inflows of capital, however, were lower than in September, which witnessed record highs for both inflows and outflows. Non-residents in September came up with more than 90 million euros for the capital market, while outflows totalled 62.5 million euros. A number of 15 legal entities entered the market last month, while only one investor decided to withdraw the money invested with a brokerage company. Investors in October bought 74.7 million euros worth of shares on the capital market and sold 68.2 million euros. Non-residents” sales of bank and petroleum company shares exceeded purchases, while sales of SIF shares were three times lower than purchases. ZF