Stock market investments in stocks exceed pre-pandemic level
Pandemic goodbye. There Italian stock exchange exceeds the Covid and in the first six months of the year it records a increase in equity investments, those in government bonds decreased, the ratio between market capitalization and GDP and the number of listed companies, with a net profitability improvement of financial and non-financial companies. This is the picture that emerges from the Consob statistical bulletin relating to the first half of 2021, which highlights a picture of a securities market in strong recovery, which recovers and exceeds the values of 2019.
In particular, thanks to the sharp rise in stock prices, the capitalization total of Italian companies listed on the stock exchange as at 30 June marks a +19,9% on an annual basis, while in relation to GDP the figure rises to 34.8% from 32% at the end of June 2020. Grow up also from 382 to 389 the number of listed companies, driven by the new admissions to listing on the AIM, today Euronext Growth Milan, the trading platform dedicated to small and medium-sized enterprises. The iInvestments in equities exceed the pre-pandemic level, preferably targeting foreign securities, while investments in government bonds fall below the 2019 level.
The Consob bulletin shows that the profits of listed non-financial companies on the main market (Mta) and on the AIM recorded a strong annual increase at 30 June, rising respectively to 11.1 billion euros from 1.8 billion to 75.9 million, from a loss of 30.3 million. In bank profits also improved which jumped to 7.5 billion euros from the previous 100 million and insurance companies, which went from 1.5 to 2.5 billion.
In drop, on the other hand, the short selling phenomenon: net short positions at 30 June 2021 fell by 20.1% on an annual basis. In the securities portfolio also grew held with Italian intermediaries (+ 4.69%) and bank deposits of households and businesses (+ 2.9%). Of positive sign (+ 17.5% to 245.8 billion) la gross collection of financial instruments by investment funds (UCITS), while the collection of insurance products with a prevalent financial content by Italian intermediaries decreased (-2.6% to 18.7 billion).
(Consob bulletin follows ….)