Periodic statistics

Monthly Benchmarks on the Reception of Orders

March 2023

In April 2023, the value of orders in financial instruments received by financial intermediaries and registered at the CMVM amounted to €55,533.2 million, a 52.6% decrease apropos March. Since the beginning of the year, this benchmark increased by 151.8% over the same period of last year.

The monthly value decreased in financial instruments by 19.5% down to €15,497.9 million for public debt and 26.0%, down to €2,238.2 million for private debt. Shares rose 31.6% up to €1,712.8 million.

Banco Comercial Português had the largest market share transactions (24.2%), followed by Caixabank (Branch in Portugal) (12.6%) and BPI (12.3%). In public and private debt, the largest stake was held by BNP Paribas, S.A. (Branch in Portugal) (66.2%), followed by Banco L.J. Carregosa (30.0%) and Novo Banco (0.6%).

The value of orders on derivative financial instruments decreased by 42.4% over the previous month down to €204,390.3 million.  CFDs were the most traded financial instrument in the derivatives market (3.2% of the total amount), with transactions decreasing by 27.6% apropos March. Futures transactions were down by 84.2%.

During the same period, the value of orders of residents and non-residents registered a monthly downturn of 20.6% and 54.5%, respectively.

Regarding market execution, 40.6% of the orders were executed in international regulated markets, 2.2% in national markets, 0.8% out of the market and 56.4% were internalised.

The USA, Germany and France were the top three destinations for orders placed on shares outside Portugal, while, The Netherlands, the UK and France were the main destinations for orders on debt securities.