The Italian Securities Commission (Consob) published its statistical bulletin for the first half of 2025, showing a higher overall market value and a sharp increase in trading activity across Italian equity and fixed income markets, while the number of listed or traded companies continued to decline. Total market value of shares traded on Italian markets reached EUR 949.7bn at end-H1 2025, up 13.6% versus end-2024, with Italian companies up 18.8%. Turnover in Consob-supervised listed shares rose to EUR 440.4bn from EUR 338.1bn in H1 2024 (+30.3%), while turnover in Italian government bonds increased to EUR 5,950.9bn from EUR 3,797.2bn (+56.7%); trading also increased in non-government bonds issued by Italian issuers (+6.9%) and in ETFs and ETC/ETNs (+55.2%). Despite higher activity, the total number of listed (supervised) or traded companies on Euronext Milan (EXM), Euronext Growth Milan (EGM) and Vorvel fell to 423 at 30 June 2025, including 408 Italian companies (down from 419 at end-2024), with EGM companies (204) outnumbering EXM-listed companies (202); the net balance on the main market was -7 (zero new entries and seven delistings) and EGM recorded a net balance of -5 (six entries and 11 exits), the first negative net balance since 2020.
Italian Securities Commission (Consob) 2025-07-22
Italian Securities Commission statistical bulletin reports 13.6% rise in market capitalisation in H1 2025 alongside continued net delistings
The Italian Securities Commission (Consob) reported a 13.6% increase in the total market value of shares traded on Italian markets, reaching EUR 949.7 billion by mid-2025. Trading activity surged across equity and fixed income markets, with notable increases in turnover for listed shares and government bonds. Despite this, the number of listed or traded companies declined, with Euronext Growth Milan experiencing its first negative net balance since 2020.