Statistics 9 November 2022 10:00 AM

Market value of listed Finnish equities and debt securities declined in 2022

The market value of listed Finnish equities has declined rapidly in the course of 2022. In September 2022, the market value of the equities stood at EUR 265 billion, 21% less than a year earlier.

Less than half of listed shares issued by Finnish companies are held by domestic owners. The proportion of domestic shareholders has decreased somewhat in recent years, to stand at 46% at the end of September 2022. The value of domestic shareholdings totalled EUR 121.5 billion. Among domestic residents, households are the largest holder of Finnish equities, with a share of 14%. The next largest shareholdings belong to the central government (11%) and employee pension institutions (6%). The largest foreign shareholdings[1] were in the United States, Sweden and the United Kingdom.

Following the rise of interest rates, the value of bonds on the secondary markets has declined

At the end of September 2022, the market value of debt securities issued by Finnish residents amounted to EUR 351 billion, 7% less than at end-2021. In September, bonds accounted for EUR 291 billion of the debt securities, with the rest of the debt securities having an initial maturity of up to one year. Following the rise of interest rates, the value of bonds has declined on the secondary markets. From January to September 2022, the value of the stock of bonds declined by EUR 38 billion. At the end of September 2022, the nominal value of the stock of bonds was EUR 321 billion, which was EUR 30 billion more than the market value at the same point in time.

In January–September 2022, the issuance of new bonds exceeded redemptions by EUR 7.9 billion, contributing to the growth of the stock.

Finnish deposits and investments (EUR million), 2022Q3
	All		Households		Employment pension schemes
	stock (flows)	change in valuation	stock (flows)	change in valuation	stock (flows)	change in valuation
Finnish investments
Listed shares	197 645	-7 237	42 459	-2 025	33 117	-1 261
	(-960)		(-83)		(1 158)
- in domestic shares	121 468	-5 176	37 566	-1 842	15 633	-807
	(270)		(-136)		(229)

Bonds	224 839	-6 010	1 126	-15	25 838	-567
	(-1 644)		(-72)		(-675)
- in domestic bonds	103 723	-3 410	577	-14	3 436	-114
	(-1 716)		(-39)		(0)

Fund shares
Domestic investment funds	104 036	-2 134	29 238	-695	4 915	-100
	(-823)		(165)		(-2)

Foreign funds	179 474	1 489	5 039	-126	125 148	2 247
	(-2 290 )		(110)		(-2 813)

Finnish bank deposits
Overnight deposits (transaction accounts)	187 560	132	104 494	18	6 916	5
	(-1 143)		(450)		(-1 317)
Other deposits	13 421	8	9 064	2	-*	-*
	(1 093)		(52)		-*