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Published:
This is an archived release.
Value in stock market almost unchanged
The value of the listed shares registered with the VPS was almost unchanged at the end of the fourth quarter compared to the previous quarter. Households net purchased shares for NOK 1 billion in the fourth quarter.
1st quarter 2012 | 2nd quarter 2012 | 3rd quarter 2012 | 4th quarter 2012 | |
---|---|---|---|---|
Stocks (market value) | ||||
Shares (listed) | 1 638.5 | 1 499.8 | 1 581.3 | 1 565.1 |
Shares (unlisted) | 421.1 | 425.5 | 434.9 | 412.0 |
Bonds | 1 413.3 | 1 443.3 | 1 489.1 | 1 541.6 |
Short-term securities | 291.0 | 299.5 | 294.0 | 280.1 |
Equity certificates | 15.4 | 14.9 | 15.9 | 17.2 |
Dividends/coupon payments | ||||
Shares (listed) | 2.0 | 54.4 | 4.2 | 3.8 |
Shares (unlisted) | 0.9 | 2.8 | 0.3 | 0.5 |
Bonds | 11.6 | 25.4 | 9.9 | 11.3 |
Short-term securities | 0.6 | 0.6 | 0.6 | 0.5 |
Equity certificates | 0.2 | 0.4 | .. | .. |
The Oslo Stock Exchange All-Share Index (OSEAX), which shows the development in listed shares, fell by a mere one per cent during the quarter to 485 points. This means that stock prices remain nearly unchanged since the end of the previous quarter. This price trend is reflected in the values of the shares registered in VPS, where the total value of stocks fell by NOK 16 billion from NOK 1 581 billion at the end of the 3rd quarter to NOK 1 565 billion at the end of the 4th quarter. This represents a decrease of 1 per cent. For the full year, i.e. during the four quarters of 2012, the value of listed shares registered with the VPS increased by NOK 71.5 billion.
Households purchasing shares again
After net selling listed shares totalling about NOK 2 billion in the first three quarters of 2012, households net purchased listed shares for close to NOK 1 billion in the 4th quarter. Households’ net purchases during the quarter were primarily of shares issued by private non-financial incorporated enterprises, public incorporated enterprises owned by central government and foreign enterprises. For 2012 as a whole, households’ net sales of listed shares amounted to just under NOK 1 billion.
State enterprises buy back shares
The state-owned enterprises net purchased for about NOK 1.2 billion of listed shares in the 4th quarter, making it one of the sectors with the highest net purchases of listed shares in this quarter. These net purchases were made in share buy-backs, as an alternative to dividend payments or for use in employee share purchase programmes. Telenor ASA accounted for most of the share buy-backs, but also Statoil ASA repurchased some of their own shares in the 4th quarter. These share buy-backs have been the subject of media coverage.
Increased stocks of bonds
In the 4th quarter of 2012, the stocks of bonds increased by NOK 52 billion to NOK 1 542 billion. Holdings of short-term bonds fell by NOK 14 billion in the 3rd quarter to NOK 280 billion.
Introduction of new sector classificationOpen and readClose
A new institutional sector classification was introduced in January 2012. One of the most significant changes was that the line between financial and non-financial sectors has been shifted such that the financial sectors increased in value. In addition to this, new financial sectors have been added. The introduction of a new sector standard means that the old tables will no longer be updated. New tables have been added that include time series from the first quarter of 2012 and onwards.
See document (in Norwegian) for more information on the new standard and a description of all sectors in the new standard.
New distinction between listed and unlisted sharesOpen and readClose
From the first quarter of 2012, listed and unlisted shares will be differentiated from another. Listed shares are shares listed for trading at the Oslo Stock Exchange and Oslo Axxess.
The statistics is now published as Securities.
Contact
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Statistics Norway's Information Centre
E-mail: informasjon@ssb.no
tel.: (+47) 21 09 46 42