B3 announced this Friday (1st) a methodological revision in the data of the variable income segment that causes the balance of foreign capital entering the Brazilian stock exchange in 2022 to fall by about R$ 27 billion.
Luís Kodic, director of products and data at B3, explained in an interview with journalists that the company discovered an error related to the mistaken inclusion of share loan data. B3 is now in the process of reviewing the 2020 and 2021 numbers, as the 2022 part has already been finalized.
Since October 2020, trading data by investor category (institutional, foreign, individual) released by B3 included share loan operations on screen (which started to be offered that month). “This type of operation should not be being computed”, since it has no financial flow, said Kodic.
Screen loans account for about 30% of the total stock loan flow on B3, according to the company.
For 2022, the balance of foreign capital flow on the stock exchange, which was R$91.1 billion up to March 30, now stands at R$64.1 billion, down 29.6%.
The review of the rest of the numbers has no date to complete and there is no impact on B3’s financial and accounting data, Kodic said.
The entry of foreign flow into the Brazilian capital market is seen as one of the main reasons for the good performance of the Ibovespa in 2022. Asked if the review changes the interpretation of the performance of the Brazilian stock exchange this year, Kodic said that B3 only identified the error and that the reading and evaluation of the macro scenario “is left to the analysts”.
I have over 8 years of experience in the news industry. I have worked for various news websites and have also written for a few news agencies. I mostly cover healthcare news, but I am also interested in other topics such as politics, business, and entertainment. In my free time, I enjoy writing fiction and spending time with my family and friends.
