For­eign­ers bring ever more funds to lo­cal bourse

Kathimerini English - - Front Page - ANESTIS DOKAS

The flow of funds into the Greek stock mar­ket from abroad has been con­stantly in­creas­ing since the fears of a Greek exit from the eu­ro­zone sub­sided. In the last 16 months (Au­gust 2012 - De­cem­ber 2013), some 2.44 bil­lion eu­ros in for­eign funds has been in­vested on the Greek bourse, mean­ing that for­eign in­vestors now con­trol 49.6 per­cent of the lo­cal mar­ket.

Since Novem­ber 2012 for­eign in­vestors have re­mained net buy­ers, af­ter a pe­riod of three years (Novem­ber 2009 - Oc­to­ber 2012) when they had sold shares to­tal­ing 2 bil­lion eu­ros.

The month with the best per­for­mance by for­eign­ers was Oc­to­ber 2013, when they spent 926.29 mil­lion eu­ros, while Greek in­vestors were net sell­ers, with an out­flow of 883.26 mil­lion. The trend con­tin­ued in the last cou­ple of months last year, lead­ing Greeks to con­trol­ling just 48.4 per­cent of lo­cal shares, against the for­eign­ers’ 49.6 at end-2013.

De­cem­ber also saw a re­mark­able 123.5 per­cent an­nual in­crease in over­all trad­ing vol­ume, reach­ing 2.16 bil­lion eu­ros.

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