Stock market capitalization increased by 20.5% for Piazza Affari in 2023 compared to the previous year.
The Milan stock exchange thus returns to the levels before the great financial crisis of 2008 and the bankruptcy of the Lehman Brothers bank.
It is one of the elements that emerge from the latest Consob Statistical Bulletin, which offers a snapshot of Italian companies listed on the Milan Stock Exchange.
The overall market value of shares on Piazza Affari rose to 574 billion euros at the end of 2023 (from 476 at the end of 2022).
As of 31 December 2023, the capitalisation/GDP ratio (according to preliminary Istat data) grew to 28% from 24% a year earlier.
Also including data from Euronext Growth Milan (Egm), the trading platform established as an unregulated market for small and medium-sized enterprises, as well as the multilateral trading system Vorvel, the overall capitalization at the end of 2023 is 586 billion euros, equal to 28.6% in relation to GDP.
2023 highlights a setback in the tendency of Italian companies to abandon the stock exchange.
The balance between entries and exits on the main list, Euronext Milan (Exm), was positive (+3).
Against 9 new entries, 6 delistings were recorded.
The EGM continues to expand with 13 new entries in 2023, bringing the total to 198 companies.
Between Exm, Egm and Vorvel, the total number of companies traded rose at the end of 2023 to 428 from 412 at the end of 2022.
The value of trading in shares of Italian listed companies on national and European platforms was substantially stable (730 billion euros).
The volume of trading in government bonds of the Italian Republic is increasing (+25%).
The value of government bonds changing hands on Italian platforms rose in 2023 to 4,500 billion euros from 3,600 in 2022. Trading in bonds from Italian issuers other than government bonds is almost constant.
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