Lisbon, June 20, 2025 (Lusa) - Foreign investors held 75% of the market value of Portuguese companies listed on the Lisbon stock market in April, according to data released on Friday by the Bank of Portugal (BdP).
According to information released today by the BdP, “shares in entities resident in Portugal listed on the Portuguese stock market are mainly held by non-resident entities”.
At the end of April, investors not resident in Portugal accounted for 75% of total market capitalisation.
This proportion is below that recorded at the end of 2022 and at the end of 2019 (when the proportion held by foreigners was 78%) and above that recorded in 2013 (the proportion was then 69%).
At the end of May, the market value of the shares of the 43 Portuguese companies listed on the stock market amounted to €67.8 billion, which, according to the BdP, was the highest figure since December 2013.
During this period, four sectors of activity accounted for 90% of the market value of Portuguese companies listed on the Portuguese stock market. These sectors are ‘manufacturing’, ‘electricity, gas and water’, ‘trade and repair’ (these three sectors account for 74% of the value) and ‘financial activities and insurance’ (accounting for 16%).
Among these sectors, the market value of ‘financial activities and insurance’ varied the most in relative terms over the last five years, rising from €3.5 billion in December 2019 to €10.6 billion in May 2025.
On the stock market, shares can be held by individuals (known as retail investors) or by other companies, banks, insurance companies, investment funds and pension funds (known as institutional investors).
The main companies listed on the Portuguese stock market are Galp, Grupo EDP, BCP and Jerónimo Martins.
The Bank of Portugal also released debt securities statistics today.
The total value of debt securities issued by entities in Portugal at the end of May was around €314.5 billion, approximately €6.9 billion more than at the end of April.
According to the BdP, this increase was due to the issuance of debt securities by the State and non-financial companies, which exceeded redemptions by €3.9 billion and €1.5 billion, respectively.
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