Business Square closed the first half of the year with a Overall positive performance and with growing volumes and trades. They did well both bonds and stocksbut also ETFs and funds, while Futures showed a negative performance.
This is what emerges from the half-yearly report of AMF Italia – Association of Financial Market Intermediaries (formerly Assosim), which considers the markets managed by Borsa Italiana, Vorvel and Equiduct and by the associated intermediaries that operate as Systematic Internalisers.
Stock Market, Blue-Chips Continue Rally
The main price list is Piazza Affari closes the first half of 2024 by recording a growth since the end of last year: The FTSE Mib index gained 9.23%reaching 33,154 with a peak of 35,410 recorded in the first half of May, close to the European elections.
The FTSE Italia Star index, on the other hand, slightly decreased (-0.71%), settling at 47,474. The decline was more marked in the FTSE Italia Growth, the basket that includes listed SMEs, which decreased by 2.29%, stopping at 8,115.
Positive trend for the volumes traded (+18.47%) and for the number of operations completed (+12.99%), in the first six months of the year, on the Euronext Milan Domestic market. These parameters are also down for Euronext Growth Milan Marketwith a -11.02% of traded values and a -0.36% of concluded operations.
As for the ranking of active intermediaries, in the Shares category, we would like to point out the Finecobank first positionwith a market share of 26.52%; second Intesa Sanpaolowith a share of 15.56% and then Akros Bank with a share of 10.01%. In the ranking by number of operations, the same trio: Finecobank shows a market share of 22.78%, Intesa Sanpaolo of 18.46%, Banca Akros of 9.68%.
Bond market still on the up
Undoubtedly a positive start in the first half of the year also for fixed income marketswhich saw the first interest rate cut by the European Central Bank materialize in June. The numbers confirm the recovery of theinvestor interest for the market of Corporate bonds and of the Government bondswhich includes the very successful BTP Valore issues, which have made a clean sweep.
Specifically, the DomesticMOT closed the period with a +17.87%, EuroMOT with a resounding +83.62% and Euronext Access Milan with a +52.26% in terms of traded volumes.
From the Bonds ranking, drawn up by aggregating the volumes traded by the Associated intermediaries on behalf of third parties on DomesticMOT, EuroMOT, Euronext Access Milan, EuroTLX and VORVEL, the following is highlighted: first position Of Intesa Sanpaolowith a market share of 27.32% followed by Akros Bank with a market share of 21.78% and, in third position, Finecobank with a market share of 10.75%. The same result is found in the ranking by number of operations: Intesa Sanpaolo shows a market share of
30.41%, Banca Akros 17.63% and Finecobank 12.65%.
Other markets also doing well except IDEM (derivatives)
At the end of the first semester, it is also worth mentioning the positive performance of the markets ETFPlus, SeDeX and Vorvel and the closure in redcompared to the first half of 2023, of the derivatives market IDEM.
On the VORVEL marketthe total values (own and third party) traded increased by 58.97% compared to the 1st half of 2023, while the number of transactions increased by 40.96%. On the VORVEL Certificates market, the total values (own and third party) traded increased by 270% compared to the 1st half of 2023, while the number of transactions increased by 83.91%.
Good too ETFplus Marketwhere the total values traded (own account, third party account and matched principal) grew by 4.80% compared to the first half of 2023, while the number of transactions grew by 7.89%.
Decreasinginstead, the total number of contracts (own account and third party account) traded in the first half of 2024 on IDEM market. In detail: Index Futures (-11.25%), Index MiniFutures (-17.71%), Index MicroFutures (-19.81%), Index Option (-32.82%), Stock Option (-26.94 %), Stock Futures (-43.51%).
