Foreign investors cut equity participation in ASE

Foreign investments slightly cut their participation in the Athens Stock Exchange in June to 51 pct, from 51.2 pct in May, while Greek investors owned 47.6 pct of the market’s capitalization, up from 47.5 pct over the same period, respectively.
Foreign investors were sellers in June, with net capital outflows totaling 65.3 million euros, while Greek investors were buyers with net capital inflows of 63.61 million euros. The value of transactions totaled 1.819 billion euros in June, down 3.0 pct from May and down 18 pct compared with June 2010. Average daily turnover, however, rose to 86.6 million euros in June from 85.3 million in May, but it was down compared with 100.82 million euros in June 2010.
The number of active investor codes rose to 44,883 in June from 39,855 in May, but down from 50,574 in June 2010. The market’s capitalization totaled 49.2 billion euros, down from 50.1 billion euros in May and down from 56.5 billion euros in the same month last year.