The Associazione Intermediari Mercati Finanziari – ASSOSIM today presented the traditional analysis of the six-monthly data relating to
transactions carried out by its Associates on the markets managed by Borsa Italia, Eurotlx, Hi-Mtf, Bats, Equiduct and by some intermediaries in the role of Systematic Internalisers.
These are the main findings:
- Substantial contraction in the volatility of the FTSE Mib index which from 58% in June 2016 reached 14% in June 2017. The decrease in volatility confirms that since the beginning of the year the factors of uncertainty associated with geo-political events that have characterized good part of the year 2016.
- Increase in the value of financial instruments traded on the AIM Italia market – MAC (+500% compared to the first half of 2016). Trading on the market dedicated to SMEs was positively influenced by the interest shown by small investors in the new individual savings plans (PIR) which, since their debut, have achieved success well beyond expectations.
– Confirmed the decrease in trading on the bond and government bond markets. Forecasts of a normalization of the expansive policies of the main Central Banks and fears of a recovery in inflation are driving investors to progressively reposition their portfolios towards forms of investment that are less sensitive to these variables.
- Recovery of the main indices compared to the end of the previous year: FTSE Italia Mib Storico (+8,8%), FTSE Mib (+7,00%), FTSE Italia Star (+24,30). The increase in the latter index confirms the vivacity of trading which characterized SME securities throughout the semester as a consequence of the launch of the RIPs.
- From the Actions ranking – elaborated by aggregating the volumes traded by the associated intermediaries on behalf of third parties on MTA, Bats and Equiduct, as well as on any systematic internalisers managed – the first position is highlighted by Finecobank, with a market share of 18,69%; second IwBank, with a share of 8,77%; third is Banca Imi, with a share of 8,74%. In the ranking by number of transactions, Finecobank shows a market share of 16,98%; Banca Imi del
10,73%; IwBank of 6,53%.
- From the ranking Bonds – elaborated by aggregating the volumes traded by the associated intermediaries on behalf of third parties on DomesticMOT, EuroMOT, ExtraMOT, Eurotlx and Hi MTF, as well as on the systematic internalisers managed by each of them, if any – Banca Imi holds the first position, with a market share of 20,21%; Banca Akros second, with a market share of 14,39%; Iccrea Banca is third, with a market share of 8,95%. In the ranking by number of transactions, Banca Imi shows a market share of 24,15%; Akros Bank of 12,14%; Unicredit Bank Ag of 10,79%.
Attachments: ASSOSIM half-yearly report on transactions carried out on the financial markets
