Bringing you live news and features since 2006 

upwards trending arrow

Swiss Six Exchange sees 15.4 per cent increase in September ETF turnover


Trading activity on SIX Swiss Exchange continues to grow significantly with turnover on the trading platforms in the year to date up 7.1 per cent year-on-year to CHF1.021.7 trillion, and ETFs in particular seeing a marked 15.4 per cent increase to CHF8.1bn.

This overall increase has also been reflected in the number of trades, which have risen by 7.7 per cent versus the corresponding period last year to a total of 38,319,606. These figures have increased even though there were two additional trading days over the first nine months of last year. This means that turnover averaged CHF5.4 billion per trading day in the first nine months of 2017. The year to date figures for the preceding months were also up on last year, so this trend was maintained in September.
Trading turnover is also growing from month to month. Turnover across the trading platforms on SIX Swiss Exchange was up by 8.4 per cent month-on-month to CHF102.4 billion, despite the previous month having one additional day’s trading. This amount was spread across a smaller number of transactions, which were down by 4.5 per cent month-on-month to 4,010,476. The stock that accounted for the highest turnover and the most trades in September was NESTLE N. With trading turnover of CHF10.3 billion and 234,654 trades, 15 September saw the busiest day’s trading of the month. This day marked what is referred to as a triple witch, the third Friday of the third month in the quarter, which is when futures and options expire.
In the largest segment, equities including funds + ETPs, trading turnover was up 9.3 per cent on the month to CHF81.2 billion. However, it was spread across a lower number of trades, which fell by 4.5 per cent to 3,863,210. Turnover and the number of trades both rose in the CHF bonds segment. Turnover increased by 3.9 per cent to CHF10.2 billion, while the number of transactions climbed by 12.8 per cent to 28,315. At CHF8.1 billion, there was a marked (15.4 per cent) increase in turnover in ETFs. At 72,858, the number of trades was down slightly (0.2 per cent) on the previous month. As far as structured products and warrants are concerned, turnover was down by 20.2 per cent to CHF1.1 billion, while the number of trades declined by 17.5 per cent to 44,625.
September saw 23 new CHF bonds (+228.6 per cent) and 3,294 new structured products and warrants (+17.9 per cent) being admitted to trading. In all, this means that 192 new CHF bonds (+1.1 per cent) and 26,718 new structured products and warrants (-1.4 per cent) have been listed since the start of the year.
The performance of the leading equity indices was as follows in September 2017: the blue chip SMI® index closed at 9,157.5 points at the end of September (+2.6 per cent month-on-month; +11.4 per cent versus end-2016). The SLI Swiss Leader Index® ended the month at 1,473.5 points (+3.6 per cent; +13.6 per cent), while the broader-based SPI® closed at 10,447.3 points (+2.7 per cent; +16.5 per cent). The SBI® AAA-BBB Total Return index was down versus August (-0.8 per cent/-0.4 per cent compared with end-2016) at 135.8 points. Since 18 September, SIX Swiss Exchange has put a cap on the percentage that individual stocks can account for in the SMI®, thus bringing the benchmark index into line with the UCITS directives.

Latest News

European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by