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Value of Irish equities up 40pc in June

Tuesday, August 12 14:09:30

Irish equity shares had an outstanding value of almost E322.8 billion at end-June with quoted shares (E322.4 billion), which are predominant in the equity category, saw a year-on-year increase of 40pc.

That's according to latest figures from the Central Bank today, which also showed that the outstanding amount of debt securities issued by Irish firms and by the Government sector was E824.2 billion at end-June 2014, a decrease of 9pc year-on-year.

The outstanding amount of debt securities issued by euro area residents also decreased by 0.6pc.

Market-based debt financing for the banking sector stood at E71.3 billion in June 2014, a decrease of 5pc year-on-year.

Looking more closely at the banking sector, the figures show that market-based debt financing for the banking sector increased by E338 million in June 2014 (compared to an increase of E160 million in May).

Since June 2013, the outstanding amount of debt securities for the banking sector has decreased by 5pc to E71.3 billion with short-term debt contracting by 26pc.

Over the past 12 months, the total outstanding amount of debt securities for this sector across the euro area also decreased by 7pc. This reflects continuing deleveraging in the banking sector.

The market value of equity securities in the banking sector saw a year-on year increase of 20pc to E20.3 billion. This increase is primarily as a result of valuation changes, the Central Bank said.

The outstanding amount of debt securities issued by non-financial corporations (NFC) decreased to E7.7 billion in June 2014.

In June 2014, the value of the quoted shares issued by the NFC sector increased to E284 billion. This represented a year-on-year increase of 43pc.

In the month to end-June 2014, the market value of equity securities in this sector increased by more than E30 billion. This increase is primarily as a result of further NFCs redomiciling to Ireland.

The annual percentage change in market capitalisation for NFCs in the euro area was approximately 26pc.

For more visit: www.businessworld.ie