Foreign investors withdraw R$ 32.1 billion from B3 in 2024, worst result in nine years
Foreign investors withdrew R$ 32.1 billion from the secondary segment of B3 in 2024, the largest amount since 2020, when the deficit reached R$ 40.1 billion, according to a survey by Valor Data with data from the Stock Exchange.
Reasons for the withdrawal
The greatest risk aversion among external investors is associated with:
- Concerns about Brazilian public accounts, exacerbated by the record deficit of more than R$ 100 billion in 2024.
- Devaluation of the real, with the dollar exceeding R$ 6 for the first time.
- Selic’s high, which negatively impacted the stock market.
- In November, the Minister of Finance, Fernando Haddad, announced a national network spending package, with the aim of containing the deficit. The government predicts a saving of R$ 70 billion in the next two years.
However, economic analysts highlight that the measures are not sustainable or capable of achieving the expected goals. He stated that market skepticism regarding the effectiveness of the package is among the factors that contributed to the exit of investments.
Surplus in December
Despite the accumulated deficit, December recorded a surplus of R$ 1.7 billion in foreign investments, signaling a momentary change in the trend throughout the year.
Balance of other investor profiles
Institutional: They faced more withdrawals than entries, accumulating a deficit of R$ 37.5 billion in 2024, with withdrawals of R$ 9 billion in December.
Individuals: They ended the year with a surplus of R$ 30.8 billion in the secondary segment of B3. In December, the category recorded a positive balance of R$ 3.5 billion.
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