SHARE ACTIVITY

SANTANDER’S SHARE PRICE ENDED THE FIRST HALF OF 2020 AT EUR 2.175 PER SHARE

KEY SHARE PRICE DATA FOR THE FIRST HALF

START

31/12/2019

EUR 3.730

MAXIMUM

17/02/2020

EUR 3.964

MINIMUM

20/05/2020

EUR 1.776

CLOSE

30/06/2020

EUR 2.175

Key factors shaping share price performance

The Santander share is listed in five markets, in Spain, Mexico and Poland as an ordinary share, in the US as an ADR and in the UK as a CDI.

The measures adopted by governments to contain the health crisis resulting from the fast spread of COVID-19 had a very severe effect on economic activity. The rapid adoption of monetary policy measures by central banks, together with the ongoing support packages that governments put in place for businesses and households to counter the economic slowdown, succeeded in increasing investor confidence, although uncertainty and the risk of further outbreaks persist.

Central banks are launching measures to support economies: for example, the ECB announced a new EUR 750 billion asset purchase programme in March, which was increased in June to a total of EUR 1,350 billion. Also, the Fed cut interest rates twice to 0% and announced unlimited asset purchases until markets stabilise.

Since the beginning of the year, the main markets performed better than the banking sector, the latter being influenced by the ECB's recommendation not to distribute dividends, as well as by the limitations of both the Bank of England and the Fed on dividend distribution and share buyback programmes. In Spain, the Ibex 35 was down 24.3% and, in Europe, the DJ Stoxx 50 was down 12.2%. DJ Banks was down 34.3% and MSCI World Banks was down 31.3%. Santander share price fell 41.7%, to end the quarter at EUR 2.175.

Comparative share performance

ANALYSTS' OPINIONS 84%

At the end of June, 84% of analysts recommended buying or holding SAN shares.

Source: Bloomberg at 30/06/2020.

MARKET CAP AND TRADING

As at 30 June 2020, Santander was the second largest bank in the Eurozone by market capitalisation and the 33rd in the world among financial entities (EUR 36,136 million).

The share’s weighting in the DJ Stoxx 50 was 1.0% and 7.0% in the DJ Stoxx Banks. In the domestic market, its weight in the Ibex 35 as at end-June was 9.6%.

A total of 10,307 million shares were traded in the year for an effective value of EUR 26,691 million and a liquidity ratio of 62%.

The daily trading volume was 82 million shares with an effective value of EUR 212 million.