Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.373

+0.5%

Feb 6 9:30 AM EST

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To: Art Baeckel who wrote (21228)	8/3/2000 11:36:24 AM
From: Art Baeckel	Read Replies (1) of 22640

Brazil Bovespa foreign investment slumps in July Reuters Company News - August 03, 2000 10:01 Copyright 2000 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Jump to first matched term SAO PAULO, Aug. 3 (Reuters) - Brazil's benchmark stock index said on Thursday foreign investors withdrew 310.5 reais ($172.5 million) from the bourse in July, compared with net foreign inflows of 2.1 billion reais the previous month. The net outflow came as investors sold 3.24 billion reais worth of shares and bought 2.93 million reais of shares in the month, the Bovespa index said in a statement. Accumulated foreign investment for the year through July 31 was 121.1 million reais, the statement said. The Bovespa lost 898 million reais of foreign investment in May. Last year, the bourse made a net gain of 2.2 billion reais in foreign investment. ($1=1.81)

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