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190260
Minor decrease in value of securities
statistikk
2014-11-13T10:00:00.000Z
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 2014

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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Minor decrease in value of securities

The value of shares, equity certificates, bonds and short-term securities registered with the Norwegian Central Securities Depository (VPS) decreased by 1.8 per cent, or NOK 79 billion to NOK 4 309 billion during the third quarter of 2014. Net sales made up NOK 11 billion of the value change, whereas the rest is due to a decrease in market values, especially share prices.

Main figures - VPS. Last 4 quarters. NOK BillionPublished 13 November 2014
4th quarter 20131st quarter 20142nd quarter 20143rd quarter 2014
Stocks (market value)
Shares (listed)1 843.71 876.92 001.61 934.8
Shares (unlisted)436.4460.1460.4434.6
Bonds1 665.21 741.51 742.21 753.4
Short-term securities234.1189.7158.4158.7
Equity certificates24.524.325.227.4
 
Dividends/coupon payments
Shares (listed)3.57.668.89.9
Shares (unlisted)1.10.63.01.0
Bonds11.510.426.610.6
Short-term securities0.50.40.40.3
Equity certificates0.00.20.8..

Source: Statistics Norway

Figure 1. Stocks of securities registered with VPS

There was a decrease in the market value of both listed and unlisted shares. During the third quarter of 2014, the total market value of listed shares decreased by NOK 67 billion. This corresponds to a 3.3 per cent decrease in total market value. Likewise, the total value of unlisted shares decreased by NOK 26 billion. This corresponds to a decrease in total value of -5.6 per cent.

Foreign investors buy securities as Norwegian companies sell, but small changes

Net sales of securities accumulated to a total of NOK 11 billion during the third quarter of 2014, corresponding to less than 0.3 per cent of total stocks. The largest net sales were carried out by non-financial companies and financial companies with net sales of NOK 15 billion and NOK 12 billion respectively. A majority of the change for non-financial companies was due to sales of unlisted shares worth almost NOK 16 billion. Among the financial companies, it is noteworthy that banks and credit companies sold off bonds worth almost NOK 26 billion, while life insurance companies and investment companies increased their inventories of bonds by over NOK 5 billion each.

Foreign investors net purchased NOK 18 billion worth of securities during the third quarter. Net purchases of bonds dominated, amounting to a total of almost NOK 19 billion.

Minor increase in inventories of bonds and securities

The total inventories of bonds registered with VPS was valued at NOK 1 753 billion at the end of the third quarter; a NOK 11 billion increase since the last quarter. The inventories of short-term securities, which have an original term to maturity of less than a year, remained virtually unchanged during the quarter. The total value of the inventories was estimated at NOK 159 billion at the end of the quarter.

For more information on which institutional sectors issued the VPS-registered securities, see Statistics Norway’s Bonds and commercial papers statistics.