Trading on the Spanish stock market continues to fall, proof that foreign investors (the main shareholder, since half of the capitalization of national listed companies resides in their hands) prefer other markets to the national one in the absence of growth companies such as technology, which is the great trend of the moment. And with this argument, added to the fact that other indices such as the German Dax or the Parisian Cac 40 are in the maximum zone, the volumes that are exchanged on the national parquet have sunk again.
According to the latest monthly balance sheet published by Bolsas y Mercados Españoles (BME) through Six, At the end of the first half of 2023, trading on the Continuous Market reached 165,532 million euros, representing a 22% drop compared to the same period last year, almost 48,000 million below.
If the daily average of the money that investors move in the Spanish listed companies is done, this falls to 1,313 million euroswhich is the lowest figure since 2019, when the economy was pending a slowdown, a result of the cold War that the United States and China had reopened due to a tariff issue. Then the Covid would arrive, which distorted the trend and returned to homes the want for investing in the Stock Market.
At the end of 2022, the trading of shares reached a total of 362,000 million euros. Was the lowest annual amount of the entire 21st century. You have to go back to 1999 to find a lower figure. And the current year is on track to mark another minimum, despite the fact that the Ibex 35 signed the best first half of the decade. The selective advances 15% in 2023, compared to 12% on the Paris Stock Exchange or 14% on the selective on the Frankfurt Stock Exchange. However, the gap is still not narrowing. In the last five years, the German Dax rises almost 30%, the Cac another 38% and the Ibex, in the same period, falls 3%.