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/en/bank-og-finansmarked/statistikker/vpstat/kvartal
215300
Significant decrease in equity values
statistikk
2015-02-18T10:00:00.000Z
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
The figures give an overview of which institutional sectors own and issue the securities that are registered in VPS. The value of traded shares fell by 7.6 per cent in the 4th quarter of 2014.

Securities registered with the Norwegian Central Securities Depository, Q4 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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Significant decrease in equity values

The value of quoted shares registered with the Norwegian Central Securities Depository (VPS) decreased by 7.6 per cent during the last quarter of 2014. The decrease amounts to NOK 146 billion. Foreign investors have purchased quoted shares as well as other securities registered with VPS for considerable amounts during this quarter.

Main figures - VPS. Last 4 quarters. NOK billionPublished 18 February 2015
1st quarter 20142nd quarter 20143rd quarter 20144th quarter 2014
Stocks (market value)
Shares (listed)1 876.92 001.71 934.81 788.8
Shares (unlisted)459.7462.1434.8469.8
Bonds1 740.61 741.51 750.91 772.7
Short-term securities189.7158.3158.7149.6
Equity certificates24.325.227.427.7
 
Dividends/coupon payments
Shares (listed)7.668.89.911.1
Shares (unlisted)0.63.01.02.2
Bonds10.426.610.612.0
Short-term securities0.40.40.30.4
Equity certificates0.20.8....

Source: Statistics Norway

Figure 1. Stocks of securities registered with VPS

Declining share prices on the Oslo Stock Exchange is the main reason for the reduction in the market value of the quoted shares from the previous quarter. The All-Share Index (OSEAX), which shows price movements in shares listed on the Oslo Stock Exchange, decreased 8.4 per cent from the end of the third quarter to the end of the fourth quarter.

On the other hand, the market value of the outstanding amounts of unquoted shares registered with VPS increased by NOK 35 billion in this quarter. This corresponds to an increase of 8.1 per cent.

Foreign investors buy while central government and mutual funds sell securities

Foreign investors made the largest net purchases of securities in the fourth quarter, buying securities worth almost NOK 45 billion. More than half of this amount, i.e. NOK 23.5 billion, related to purchases of quoted shares. They also bought bonds worth NOK 16 billion during this quarter.

The central government net sold securities totalling NOK 19.7 billion in the fourth quarter of 2014. Of this, they sold quoted shares worth NOK 7.6 billion and bonds and short-term securities worth NOK 7.2 billion and NOK 4.8 billion respectively.

In the same period, mutual funds net sold securities worth NOK 15.6 billion, of which NOK 11.3 billion was due to sales of bonds. Among other financial corporations, banks sold off bonds and short-term securities worth NOK 7.4 billion, while life insurance companies net purchased such securities worth NOK 8 billion in the same period.

Outstanding amounts of bonds and short-term securities

The market value of the total outstanding amounts of bonds registered with VPS was NOK 1 772 billion at the end of the fourth quarter; corresponding to an increase of 1.3 per cent compared to the previous quarter. The market value of the total outstanding amounts of short-term securities, which have an original term to maturity of one year or less, decreased by 5.7 per cent during the quarter, to NOK 149.6 billion at the end of the quarter.

For more information on institutional sectors issuing debt securities registered with VPS, see Statistics Norway’s Bonds and commercial papers statistics.