SIX Swiss Exchange has reported a year-on-year increase in trading activity with trading turnover up by 5.9 per cent to CHF 824.7 billion in the first seven months of 2017.
This trend was also reflected in the number of transactions, which rose by 4.2 per cent to 30,109,594. Turnover averaged CHF 5.7 billion per trading day over this period. There was one additional trading day in the corresponding period in 2016. 


There were 4,166,288 transactions on SIX Swiss Exchange last month, generating trading turnover of CHF 102.2 billion. This equates to a month-on-month decrease of 15.0 per cent in terms of turnover and 5.4 per cent in the number of trades. The highest-turnover security in July was NESTLE N, while ROCHE GS featured the highest number of transactions. The day with the highest trading turnover during the month with an amount of CHF 8.3 billion was 21 July, when the IPO of Landis+Gyr took place. As the third Friday of the month, this was also a “witching day”, with several series of futures products scheduled to expire. 


The performance of the individual segments was as follows in July: the equities including funds + ETPs segment saw 4,008,892 trades, which represented a month-on-month decrease of 5.3 per cent, while turnover was down by 16.5 per cent to CHF 80.4 billion. The ETFs segment generated growth in trading turnover of 1.6 per cent to CHF 9.4 billion, though the number of trades fell by 9.8 per cent to 76,821. Turnover in structured products and warrants was down by 6.6 per cent to CHF 1.2 billion. However, there was a rise in the number of transactions of 0.7 per cent to 51,223. CHF bond trades declined by 6.1 per cent to 27,840, with turnover falling by 16.4 per cent to CHF 9.3 billion. 


SIX Swiss Exchange welcomed two new companies in July. Shares in Zur Rose Group AG were traded on SIX Swiss Exchange for the first time on 6 July, while the market entry of Landis+Gyr Group AG on 21 July marked the largest IPO on SIX Swiss Exchange since 2006. This means that five companies have started trading their shares to the public on the Swiss stock exchange since the start of 2017. Furthermore, SIX Swiss Exchange has been home to two of the three largest European IPOs in the year to date – those of Galenica Santé AG and Landis+Gyr Group AG. 


A total of 21 new CHF bond issues (-22.2 per cent) and 2,744 new structured products and warrants (-26.6 per cent) were admitted to trading in July. As a result, a total of 162 new CHF bonds (+1.3 per cent) and 20,630 new structured products and warrants (-4.7 per cent) have been listed since the start of the year. 


The performance of the leading equity indices in July 2017 was as follows: the blue chip SMI® index stood at 9,055.0 points at the end of July (+1.7 per cent month-on-month, +10.2 per cent versus end-2016). The SLI Swiss Leader Index® stood at 1,445.9 points (+3.0 per cent/+11.4 per cent) and the broader-based SPI® at 10,310.5 points (+1.8 per cent/+15.0 per cent). The SBI® AAA-BBB Total Return index was down versus June (-0.3 per cent/-0.6 per cent compared with end-2016) at 135.4 points. 


