5099_not-searchable
/en/bank-og-finansmarked/statistikker/vpstat/kvartal
5099
Foreigners return to the stock market
statistikk
2009-11-12T10:00:00.000Z
Banking and financial markets
en
vpstat, Securities registered with the Norwegian Central Securities Depository, shares, commercial papers, bonds, equity certificates, dividends, stocks, yield, share value, net transactions, share issues, interest yieldSecurities markets , Banking and financial markets
false

Securities registered with the Norwegian Central Securities Depository, Q3 2009

In May 2016, the statistics for Securities registered with the Norwegian Central Securities Depository were merged with the Debt securities statistics. The new merged statistics are known as the Securities statistics.

 

The introduction of a new sector standard has caused the old tables to stop being updated. New tables have been added that include time series from the first quarter of 2012 and onwards.

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Foreigners return to the stock market

Foreign investors have returned to the Norwegian stock market. During the third quarter of 2009 foreign investors purchased shares registered with The Norwegian Central Securities Depository (VPS) for more than NOK 18 billion.

Foreign investors net sold shares registered with the VPS during the whole of 2008 and the first half of 2009. In total, foreign investors net sold shares for more than NOK 58 billion during this period, and thereby reduced their share of the total stock values in the VPS registered companies from 38 per cent to 31 per cent. Now, foreign investors are again showing interest in the Norwegian stock market. During the third quarter foreigners net purchased shares for more than NOK 18 billion. Foreign investors invested for more than NOK 10 billion in shares issued by private enterprises and for more than NOK 5 billion in shares issued by foreign registered companies. The most important net sellers of shares in the third quarter were private enterprises and central government. These sectors net sold shares for NOK 2.5 billion and NOK 5.8 billion respectively.

Stocks of securities registered with VPS; Market values in NOK billion

Stock market in positive direction

The positive development in the stock market for this year’s second quarter continued into the third with the share values in the VPS-registered companies increasing by NOK 150 billion to NOK 1 623 billion. The main cause of the increased values is rising stock prices at Oslo Stock Exchange. There is still some way to go to reach the level of the second quarter of 2007 where share values amounted to NOK 2 579 billion. At the end of the third quarter of 2009, the share values of the VPS-registered companies were divided into NOK 1 265 billion of quoted shares and NOK 358 billion of unquoted shares.

Government measures increase stocks of debt securities

Stocks of debt securities registered with the Norwegian Central Securities Depository increased in the third quarter of 2009. The stock of bonds increased by 9 per cent, to NOK 1148 billion, and the stock of short-term debt securities increased by 23 per cent, to NOK 352 billion. The growth in the stocks of debt securities is mainly caused by an increase in issuing activity due to government measures established in October 2008 to improve the liquidity in Norwegian banks1.

Securities registered with VPS. Market value in NOK billion
  Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009
Stocks          
Shares 1 755.2     1 333.4     1 308.0     1 473.5     1 623.2
Bonds  848.8  916.4 1 003.6 1 053.8 1 148.2
Short-term securities  130.6  181.9  207.4  286.3  351.8
           
Net purchases/sales          
Shares 16.0 3.0 11.5 -1.6 14.2
Bonds 11.1 74.6 92.1 66.7 95.0
Short-term securities -2.2 49.8 24.5 84.2 68.7
           
Dividends/cupon payments          
Shares 3.9 0.9 0.7 36.1 0.4
Bonds 8.2 9.3 9.3 21.4 7.2
Short-term securities 1.0 1.5 1.6 1.2 1.1

1The government measures, established in October 2008, to improve the liquidity in Norwegian banks mean that the banks can exchange their covered bonds with government securities. In the VPS statistics, these covered bonds are registered as owned by the government in the exchange period. In the bank accounts, these covered bonds are kept as assets and as government loans on the liability side.