- Strong start to the year: trading turnover of CHF 114 billion (+25.4% versus January 2013)
- Average trading turnover per day of CHF 5.4 billion
- Equity indices slightly weaker
Overall turnover on SIX Swiss Exchange and SIX Structured Products Exchange came to CHF 114.0 billion in January 2014, the highest figure since August 2011. This meant that trading turnover in January 2014 was up by 45.4% on the preceding month and by 25.4% compared with January 2013. The number of trades rose by 44.1% to 3,597,984, an increase of 22.1% on January 2013.
The marked month-on-month increase in trading activity related to all segments. The equities including funds + ETSFs + ETPs segment saw an increase in trading turnover to CHF 81.4 billion. This equates to a rise of 44.8% versus December 2013 and a year-on-year increase of 34.2% compared to January 2013. The number of trades grew by 45.1% to 3,375,098, up 23.5% on the corresponding figure one year ago.
Trading turnover in international bonds has been picking up sharply for several months. In January it was up by 65.5% versus December 2013 to CHF 1.2 billion, marking the highest total since July 2009. Although growth in CHF bonds was a little less pronounced, it was still significant. Trading turnover in this segment increased by 29.6% to CHF 14.3 billion, and the number of trades was up by 9.9% to 44,260.
Trading in ETFs was positive. Trading turnover rose by 64.8% to CHF 13.5 billion, with the volume of trades up by 24.3% to 95,280.
The structured products and warrants segment also posted strong growth. Turnover came in at CHF 3.6 billion, an increase of 62.0% on the month before. The number of transactions increased by 58.2% to 80,142 over the same period.
3,924 new structured products (+19.9% versus prior month) and 12 new CHF bonds (-60.0% versus prior month) were admitted to trading in January 2014.
The leading equity indices trended lower in January 2014: the blue chip SMI® index stood at 8,191.3 points at the end of January (-0.1% versus end-2013). The SLI Swiss Leader Index® stood at 1,254.2 points (- 0.3%) and the broader-based SPI® at 7,830.5 points (-0.1%). The SBI® AAA-BBB Total Return index climbed by 1.7% to 125.7 points.
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