Editor’s note: This article was first published in July 2010. The 40% foreign share of Spanish listed companies comes from the BME research department’s report at that time, and the company results are for the first half of 2010. ONO was later acquired by Vodafone (2014), and Línea Directa was listed separately in 2021.
According to the latest report from the research department of Bolsas y Mercados Españoles (BME), the operator of the Spanish stock exchanges, 40% of investment in the Madrid Stock Exchange comes from abroad.
What’s more, Spain is seeing a high level of divestment because of a lack of capital, which is reducing the weight of Spanish capital in our own stock market.
Foreign investors keep increasing their stake in the Spanish stock market and already own 40% of the value of Spanish listed companies.
On the one hand, this is good news, because it shows the confidence foreign investors have in our companies.
At the same time, it reflects Spanish investors’ need for liquidity and their growing capital needs.
Stock market news from the daily ABC:
- ONO posted a net profit of 28 million in the first half of the year, up 8.5% on the same period of 2009.
- Línea Directa, a company owned by Bankinter, earned 40.4 million in the first half, in line with the same period of 2009.
Further reading
Featured image: Luis García, CC BY-SA 3.0, via Wikimedia Commons.
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