In the year just ended, the stock market recorded an excellent performance, while expectations regarding the end of the restrictive policies of the Central Banks have reinvigorated fixed income trading. This is what it says in the “Report 2023” by AMF Italia (Association of Financial Market Intermediaries), formerly Assosim, relating to data on trading volumes of members on the markets managed by Borsa Italiana, Vorvel, Equiduct and by associated intermediaries who operate as Systematic Internalisers. So let’s see together the rankings, shares and bonds, by AMF Italia intermediary countervalues.
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Shares, the top 5 for values and operations
Thanks to the year-end rally, the stock market closes 2023 with an excellent performance. The Ftse Mib gained 28.03%, reaching 30,351 points and marking the highest since December 2008. The Ftse Italia Star grew by 3.34%, reaching 47,814 points, still far from the historical maximum (64,565 points) fact recorded at the end of 2021. The Ftse Italia Growth instead decreased by 10.22%, stopping at 8,305 points.
As AMF Italia explains, the recent decline in inflation and the increasingly remote risk of recession have consolidated investors’ interest in the stock markets. At the moment, the main expectation for 2024 is the end of the restrictive policies of the Central Banks and, indeed, the start of a moderately expansionary phase. In any case, caution is a must: the ongoing wars between Ukraine and Russia and in the Middle East continue unabated and, on the horizon, there are no signs of détente.
Returning to the “2023 Report”, the “Shares” classification by exchange value traded shows the following titles in the top 5 places:
Finecobank – 26.85% market share Intesa Sanpaolo – 14.55% market share Banca Akros – 10.90% market share Equita SIM – 6.55% market share Directa SIM – 10.90% market share 4.55%
As AMF Italia explains, the ranking is drawn up by aggregating the volumes traded by the associated intermediaries on behalf of third parties on Euronext Milan Domestic, Euronext Growth Milan and EQUIDUCT, as well as on any systematic internalisers managed.
The “Shares” classification by number of operations shows the following titles in the top 5 places:
Finecobank – 22.81% market share Intesa Sanpaolo – 16.76% market share Banca Akros – 9.62% market share Equita SIM – 7.08% market share Directa SIM – 9.62% market share 4.69%
Overall, AMF Italia reports, positive trend for the volumes traded and the number of operations on the Euronext Milan Domestic market equal to 573 billion euros in value and 67 million transactions; while the Euronext Growth Milan market closed with a decline with 2.3 billion euros traded and 984 thousand transactions.
Bond, the top 5 for values and operations
Thanks to the increasingly widespread expectation of an imminent end to the restrictive policies of the Central Banks, fixed income trading has regained strength after the contraction recorded in the first part of last year. If in the coming months the Central Banks, as AMF Italia specifies, begin to reduce interest rates, they will be there all the conditions for further growth significant impact of the bond markets during 2024.
The “Bonds” ranking, developed by AMF Italia aggregating the volumes traded from Associated intermediaries on behalf of third parties on DomesticMOT, EuroMOT, Euronext Access Milan, EuroTLX and Vorvel shows the following securities in the top 5 places:
Intesa Sanpaolo – 25.77% market share Banca Akros – 24.91% market share Finecobank – 9.37% market share Equita SIM – 7.06% market share Unicredit Bank AG – market share by 6.45%
The “Bonds” ranking for number of operations shows the following titles in the top 5 places:
Intesa Sanpaolo – 29.53% market share Banca Akros – 19.35% market share Finecobank – 12.16% market share Unicredit Bank AG – 7.65% market share Equita SIM – market share by 6.61%