Foreigners Did All the Buying in Brazil's Equity Rally: ChartBy and
The rally that made Brazilian stocks the world’s best performers this month was fueled by international investors, who bought 5.9 billion reais ($1.6 billion) in shares since the end of February through March 11, according to the latest data from BM&FBovespa. Meanwhile, local investors sold shares. The Ibovespa equity benchmark climbed 27 percent in dollar terms during that span as traders bet on a change in government after months of political gridlock that’s prevented lawmakers from focusing on kick-starting a slumping economy.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.