Bank of Portugal updates May 2025 securities statistics and reports resident listed shares at highest market value since December 2013

The Bank of Portugal has published updated securities statistics for May 2025 alongside an analytical note on Portugal’s equity market. The update shows a EUR 3.7 billion month-on-month increase in the market value of listed shares issued by resident entities and net issuance of public sector debt securities of EUR 3.9 billion. At end-May 2025, the stock of listed shares issued by residents totalled EUR 67.8 billion, driven by valuation gains in non-financial corporations (EUR 1.9 billion) and the financial sector (EUR 1.8 billion). Total resident-issued debt securities stood at EUR 314.5 billion, up EUR 6.9 billion over the month, mainly reflecting net issuance by general government (EUR 3.9 billion) and non-financial corporations (EUR 1.5 billion). The report also notes 82 outstanding ESG-labelled debt securities issued by residents totalling EUR 14.7 billion (4.7% of the resident debt securities stock), with net ESG issuance of EUR 787 million in May. The equity market analysis indicates the end-May 2025 market value of shares of the 43 resident entities listed on the Portuguese stock exchange reached EUR 67.8 billion, the highest level since December 2013. Non-resident investors held 75% of the market value of listed shares of resident entities at end-April 2025, while the financial sector held 6%. The next update is scheduled for 16 July 2025.