Prices fell due to rising interest rates and inflation, partly as a result of the war in Ukraine. Investors lost mainly on bank stocks. For example, the value of investments in ING decreased by €285 million (-14%), while the value of investments in Rabobank Certificates even shrank by €604 million.
Things went well for Shell, the most popular share among Dutch investors. Thanks to the rising energy prices, the population’s share became worth 22%, which in total brought in almost €0.5 billion extra for Dutch households.
In total, the approximately 8 million Dutch households now own €59 billion in listed shares. Since the end of the first quarter, most stock markets have fallen a little further. The Amsterdam AEX index recorded a position of 724 points at the end of March, on Tuesday afternoon that was 707 points. Six months ago, the Amsterdam stock market indicator was still well above 800 points.
The current decline in the equity portfolio is mainly due to falling stock prices. In addition, Dutch households sold €250 million of shares below the line. Share ownership was on average more than €7,000 per Dutch household.