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/en/bank-og-finansmarked/statistikker/vpstat/kvartal
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Solid growth in stock market
statistikk
2013-05-16T10:00:00.000Z
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, Q1 2013

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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Solid growth in stock market

During the first quarter of 2013 the value of the VPS-registered stocks increased in value by 5.4 per cent. The quarter was characterised by low net purchases of shares between sectors.

Main figures - VPS. Last 4 quarters. NOK BillionPublished 16 May 2013
2nd quarter 20123rd quarter 20124th quarter 20121st quarter 2013
Stocks (market value)
Shares (listed)1 500.11 581.31 564.51 648.5
Shares (unlisted)424.4434.9412.0415.8
Bonds1 443.51 489.11 541.61 624.3
Short-term securities299.5294.0280.1276.2
Equity certificates14.915.917.220.7
 
Dividends/coupon payments
Shares (listed)54.44.23.80.7
Shares (unlisted)2.80.30.50.5
Bonds25.49.911.310.0
Short-term securities0.60.60.50.5
Equity certificates0.4....0.1

Source: Statistics Norway

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

The positive trend in the stock market in 2012 continued in the first quarter of 2013, and the value of listed shares registered with the VPS increased by NOK 84 billion to NOK 1 649 billion. This was mainly due to higher prices on the Oslo Stock Exchange. Share prices increased in value during the quarter in line with stock markets in several other countries. Improved economic prospects in some countries may have contributed to the positive development. Virtually the entire increase in value took place in January.

Much of the loss in value from 2008 and 2011 offset

The global financial crisis of 2008 and the growing debt crisis that followed in the euro zone in 2011 contributed to substantially decreasing the value of listed shares registered with the VPS. A positive development in the stock market in 2012 and in the first quarter of this year, however, helped offset a large part of the fall. The All-Share Index, which shows price movements in shares listed on the Oslo Stock Exchange, fell considerably in 2008 from 604 to 232 points, and from 513 to 373 points in 2011. At the end of the first quarter of 2011, the index climbed to 519 points. The last time the index levels were this high was in 2008, just before the financial crisis fully hit the markets. The holdings of listed shares registered with the VPS have a similar development, but may deviate somewhat since the index is adjusted for dividend payments and capital events. The listed shares registered with the VPS reached their lowest level in the fourth quarter of 2008 at about NOK 950 billion. By the end of the first quarter of 2013, the stocks had increased to NOK 1 649 billion.

Private enterprises buy shares

One of the sectors with the highest net purchases of shares in the first quarter was private non-financial incorporated enterprises. Firms in this sector net purchased shares worth about NOK 3 billion. These net purchases are related to the German pharmaceutical group BASF's acquisition of Pronova BioPharma ASA, where the acquisition was carried out by the Norwegian-registered limited company BASF AS. The acquisition thus appears as private enterprises’ net purchases of shares issued by private enterprises, and not as an acquisition from abroad.

Increased stocks of bonds

In the first quarter of 2013, the stocks of bonds increased by NOK 83 billion to NOK 1 624 billion at the end of the quarter. Holdings of short-term bonds fell slightly in the third quarter by NOK 4 billion to NOK 276 billion. See the statistics Bonds and commercial papers for more information on which sectors issued the bonds.

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.