SIX Swiss Exchange Sees 2-Month Fall as Turnover Slumps to CHF 77.2B

SIX Swiss Exchange, Europe's third-largest stock exchange and top post-trade service provider, recorded a two-month decline in its trading turnover in July.

In July, the total trading turnover came in at CHF 77.2 billion, which is a -21% decrease from the CHF 97.8 billion generated in June.

Additionally, the exchange recorded 4,124,210 trades last month, which is a -16.2% month-on-month (MoM) decline.

SIX Swiss Exchange disclosed these on Tuesday in a statement detailing its key trading figures in July 2022.

In June, the stock exchange’s trading turnover dropped 10.7% from May’s CHF 109.4 billion.

SIX Swiss Exchange saw a 2.8% growth in its trading turnover in May after posting a 30% decline in April and a 29.5% surge earlier in March.

Meanwhile, the exchange disclosed that the Swiss Market Index (SMI), Switzerland's blue-chip stock market index, rose by 3.8% to 11,145.9 points at the end of July.

First Half of Year Performance

SIX Swiss Exchange said activities on its exchange between January and July this year generated a total turnover of CHF 783.0 billion.

This figure remained flat in 2022 when compared to the exchange’s performance during the first seven months of 2021.

Nonetheless, the number of transactions within this period reached 38,528,834, which is a 0.8% increase year-over-year.

“The highest turnover on a single trading day was recorded on 29 July, which saw securities worth a total volume of CHF 5.1 billion changing hands,” SIX Swiss Exchange said in a statement.

“The highest number of trades was recorded on 6 July, with 225,821,” the exchange added.

Top Stock Performers

According to SIX Swiss Exchange, the stock of Nestle, a Swiss multinational food and drink processing conglomerate, generated the highest turnover in July.

On the other hand, Novartis AG, a Swiss-American multinational pharmaceutical corporation, emerged with the most traded stocks.

While Nestle generated a turnover of CHF 6.8 billion, Novartis recorded 225,307 transactions in July.

In June, Nestle generated the highest turnover. However, with 284,360 transactions, it was the most traded stock on the exchange two months ago.

ETPs on SIX

In July, products with cryptocurrencies as their underlying collapsed by -41%. They generated a trading turnover of CHF 100.9 million in contrast to the CHF 170.5 million recorded in June.

“In total, 186 products were traded and 8,286 transactions concluded,” SIX Swiss Exchange noted.

“The highest turnover was recorded by the 21Shares Ethereum ETP (AETH), an exchange-traded product (ETP) on Ethereum, with CHF 14.8 million; the most transactions were recorded also by AETH, with 1,560 trades,” the exchange further explained.