Foreign players take nearly 300 mln euros

Data released yesterday showed that foreign investors took a net 296 million euros out of Greece’s equities market last month. By contrast, domestic investors placed a net 287 million euros in the market. For the whole of 2008, foreign investors were net sellers, with outflows reaching 3.6 billion euros. The average daily trading volume in February fell to 114 million euros from 123 million in January and 444 million in the same month a year earlier. The market capitalization of the bourse’s blue chip FTSE/ATHEX 20 blue chip index fell 16 percent month-on-month to 39 billion euros. The Athens bourse said foreign portfolios owned 47.3 percent of the Greek equity market’s free-float versus 50.8 percent in February 2008.