Spanish households continue increasing their participation in the Spanish stock market and at the end of 2010 owned 22.2% of Spanish listed companies, according to the latest report on share ownership structure in Spain released today by BME’S Research Department, with 2010 data.
Following the retreat from the stock exchange of retail investors in 2007, during the last three years the level of Spanish households´ savings invested in domestic listed companies picked up, especially in 2010.
According to the report, non-resident investors still are the main owners of shares in Spanish listed companies, with 39.2% of their total value, which is the second highest percentage since 1992 and less than one percentage point below that posted in 2009.
Since records began for these series, in 1992, the participation of non-residents has always been above 30%, following two decades of intense integration of the Spanish economy into the international scenario and reflecting the confidence placed by foreign investors in the Spanish stock market.
As regards non-financial firms, their relative position as owners of Spanish listed companies remained stable in 2010, at 26.1%
The financial sector, which comprises banks, saving banks, investment funds and pensions, insurers and non-bank financial advisers continues reducing its ownership. Its participation in Spanish listed companies stood at 12% at 2010 year-end, 5.5% below its mark at year-end 2007 and 11% below its 2007 high.
The relatively lower participation between 2008-2010 was particularly visible among banks and saving banks , whose weight - which was 9.4% in 2007 - was reduced by half between 2008-2010, reflecting strong net divestments to cope with difficult financial conditions.
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