Gringos buy shares on B3, but investments should not ‘save’ May; understand

Gringos buy shares on the B3 in the penultimate trading session of May, but the balance of foreign capital on the Brazilian stock exchange remains negative by almost R$ 2 billion (Image: REUTERS/Amanda Perobelli)

With just one trading session to close the external capital account at brazilian scholarship in may, the foreign investors purchased actions at the secondary market (papers already listed) B3. Even so, the inflow of resources in the final stretch will hardly “save” the month.

That’s because last Tuesday (30) there was an entry of R$ 325.86 million. However, the balance of foreign resources in the B3 last month until the 30th, it was negative by R$ 1.859 billion.

In all, the days of inflows exceeded those of outflows of resources. Even so, the score is tight, with eleven trading sessions for admission against ten for withdrawals. However, the pace of withdrawals is much more intense, exceeding R$ 5 billion.

Already in the accumulated of 2023, there is a total inflow of R$ 11.947 billion. However, approximately R$ 2.5 billion refer to the initial share offering (primary market), Through a IPOmaking an annual surplus in the secondary market alone of around R$ 9.5 billion.

Check below the daily balance of external capital in the partial data for May:

Date Balance (in BRL million)
05/02/2023 (1,293.70)
05/03/2023 (387.76)
05/04/2023 (527.99)
05/05/2023 156.95
05/08/2023 319.46
05/09/2023 567.18
05/10/2023 66.51
05/11/2023 (160.07)
05/12/2023 392.92
05/15/2023 303.28
05/16/2023 185.11
05/17/2023 747.50
05/18/2023 (316.49)
05/19/2023 (117.63)
05/22/2023 (474.95)
05/23/2023 (1,039.16)
05/24/2023 (706.58)
05/25/2023 75.10
05/26/2023 (63.43)
05/29/2023 24.60
05/30/2023 325.86

Source: Moneytimes

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