The value of stocks traded on the Dublin market fell by 12.8 per cent in the first nine months of 2010, according to new figures from the Irish Stock Exchange (ISE).
The data shows the total of value of equities traded on the exchange declined from €40.8 billion to €35.5 billion.
Trading volumes in equities and the daily average number of trades were down by almost 25 per cent to 461,512 and 6,993 respectively during the third quarter, compared to 608,636 and 9,222 respectively for the same three-month period last year.
Seven companies trading on the ISE raised funds of almost €199 million in the third quarter, as against €562 million a year earlier with the most significant funds raisings occurring in September when Bank of Ireland raised €49 million and AIB, €149 million.
Market capitalisation of equities admitted to trading on the exchange was down 5 per cent to €45 as against the same quarter in 2009.
Turnover in Government bonds and treasury bills are up more than 75 per cent for the first nine months of 2010. A total of €197billion in turnover in Government securities was raised in the period from January to September, compared to €112 billion for the same nine-month period last year.
The small cap index and the ESM index, which tracks the Enterprise Securities Market, increased by 5 per cent and 4 per cent respectively during the third quarter. Other Iseq equity indices declined in value, with the overall index falling by 7 per cent and the financial index down by 14 per cent.
The bond indices, which measure the return on Irish Government securities saw returns in the range of -2.39 per cent to -7.13 per cent recorded.