Tuesday, November 25, 2008

Non-residents continue to withdraw from Hungary's domestic stock market in Q3.

Source: IntelliNews - Hungary Today

Email a Friend

All fields are compulsory

Your name:
Your email:

To include more than one recipient, please separate each email address with a semi-colon ';'

Recipient email(s):

Email yourself a copy?
Comments:

Add Your Comment

All fields are compulsory
All comments are subject to editorial review as we are subject to the same regulations adhered to in publishing our own content. For this reason, your comment may not be live immediately, or may not be published.

Your name:
Your email:
(will not appear)

You may email your comment to a friend
To include more than one recipient, please separate each email address with a semi-colon ';'

Recipient email(s):

Publish your name?
Email yourself a copy?

Comments:

I have read and agree to the Terms and Conditions

Foreign investors continued to withdraw capital from the stock market in the country in Q3, data from the National Bank of Hungary (NBH) showed. Their stock holdings of quoted shares, issued by residents, declined q/q for a sixth consecutive quarter and illustrated the effect from the international financial crisis on the local bourse. The decline of foreign stock holdings, however, could be also due to revaluation effects as the latter reduced total market capitalisation of quoted shares by HUF 548bn during the period. Non-residents still controlled the majority 75.5% of all quoted shares in terms of value. At the same time, they were net buyers of government securities in Q3 and their holdings amounted to HUF 7tn at end-Q3 or 44.4% of total market value of outstanding government debt instruments. It lost HUF 356bn due to revaluations while net issuance plus interest was positive at HUF 75bn. Insurance companies, pension funds and municipalities were the largest net sellers of government securities in Q3.

Country risk 2009:

Euromoney Sergeant Scholarships:

Non-residents continue to withdraw from Hungary's domestic stock market in Q3.

Email a Friend

Add Your Comment

Other ISI equities stories

Barclays: The bank that lived

Can Canada’s banks seize their chance?

Against the tide: The stock and flow of economic recovery

Why Banga quit Citi

Banks abandon proprietary trading

US banking: What it will take for Talf to take off

The Barclays era dawns

AI market round-up: Citi hedge fund head leaves

Blame bankers, not the model

Off the record

The Qatari financial services sector

Barclays: The bank that lived

Asset management: Barclays disposes of a regulatory headache

Abigail Hofman: "Meltdown survivor and proud of it"

Debt capital markets: ...while RBS loses its

Latest Issue