Non-residents spend 31m euro on shares

Foreign investors in January bought shares listed on the two stock markets, Bucharest Stock Exchange (BSE) and RASDAQ worth 31 million euros ($39.2 million), 27.5 million euros of which accounted for acquisitions in the agricultural sector and investments in bank shares, National Securities Commission (CNVM) data show. The transaction by which American Cargill Company bought Comcereal Alexandria accounted for more than 65% of the total purchases level. The deal was worth approximately 20 million euros. The foreign investors preferred the shares issued by the two Romanian banks listed in the first tier of the Bucharest Stock Exchange, BRD and Banca Transilvania, with investments reaching 7 million euros. The first month of the year saw 27 million euros reaching the capital market, yet the net inflows (new investments minus sales) totalled nearly 8 million euros. ZF