Zurich (awp) – The operator of the Swiss stock exchange SIX recorded a very slight decline in transactions over one year in June. This, in a context of increasing volumes of securities traded.
Last month, the number of transactions on the Zurich financial center fell by 0.3% to 3,566,591 compared to the same period in 2023. The volume of securities traded increased by 2.6% to 92.14 billion Swiss francs, SIX Group said in a press release on Monday.
This increase is due in particular to the bond sector, where turnover jumped by 47.5% compared to the previous year. Stocks (-6.8%) were the least traded.
With regard to the details of transactions, only exchange-traded funds (ETFs) experienced an increase in activity, of 16.3%, as well as securitized derivative products, of 9.3%.
Compared to the previous month, transactions fell more noticeably (-5.9%), while trading volumes lost 13%.
Over the first half of the year as a whole, trading turnover increased by more than 14.3% to reach 635.10 billion Swiss francs, despite a slight decline in the number of individual transactions. The average turnover per transaction therefore increased slightly.
This half-year increase is also due to bonds. Their turnover more than doubled to reach nearly 192.89 billion Swiss francs. Stocks, on the other hand, recorded a decline in transactions of over 8.1% to 403.46 billion.
In June, the Madrid stock exchange Bolsas y Mercados Españoles also experienced a significant increase in its transactions over one year, by 9.7% to 2,286,991, despite a significant drop in the volumes of securities exchanged. These suffered a decline of 22.8%, to 38.63 billion euros.
lf/cw
