Stock market capitalization grows in 2023

Business Square closes a really good 2023, even returning on pre-Lehman levels, that is, before the outbreak of the global financial crisis knocked the markets to the ground. This is what emerges from the usual Consob bulletinwhich highlights a positive performance of our financial market, also compared to GDP.

Stock market capitalization is growing

At the end of the second half of 2023, the stock market capitalisation grew by 20.5%, standing at 574 billion euros, compared to 476 billion at the end of 2022. The ratio between capitalization and GDP grew from 24% to 28%.

Also including data from Euronext Growth Milan (EGM), the multilateral trading platform established as an unregulated market for small and medium-sized enterprises, as well as the Vorvel multilateral trading system, the overall capitalization at the end of 2023 it rose by 19% to 586 billion compared to 490.9 billion at the end of 2022. The weight compared to GDP also increased to 28.6% compared to 25% the year before.

The value of trading in shares of Italian listed companies on national and European platforms is substantially stable (730 billion euros).

An “attractive” price list for SMEs (and not only…)

The number of Italian listed companies, again according to Consob, rose to 428 companies, from 412 at the end of 2022 and from 419 at the end of June, due to the entry into Euronext Growth Milan (EGM) (+10 companies) and the reduction of only one unit on Vorvel.

2023 highlights a setback in the tendency of Italian companies to abandon the stock exchange. – underlines Consob – The balance between entries and exits on the main list, Euronext Milan, is positive (+3): compared to 9 new entries, 6 delistings were recorded

The return of the “BOT-People”

Trading volume is increasing (+25%). government bonds of the Italian Republic. The value of government bonds changing hands on Italian platforms rose in 2023 to 4,500 billion deuros from 3,600 in 2022. Exchanges of bonds of Italian issuers other than government bonds.

The growth in the value of traded government bonds occurred above all in the second half of 2023, when an increase of 79% was recorded compared to the second half of 2022, while the value of trades in bonds of Italian issuers other than government bonds remained almost constant. State.

The other tools

The equivalent value of the exchanges of ETFs and securitized derivative financial instruments (ETC/ETN) was down (-20%), unlike the equivalent value of mutual fund trades, up by 17%.