Stock market ends year on up note

Turnover at the Swiss stock exchange (SIX) and the Scoach Switzerland derivatives exchange rose by 5.2 per cent in 2010 compared with the previous year.

This content was published on December 30, 2010 - 17:51 and agencies

Joint turnover came to SFr1,190.5 billion ($1,267.84 billion), according to provisional figures published on Thursday.

The number of trades was up year-on-year by 0.5 per cent to 34,962,957.

The uptrend experienced by most indices remained intact in the year – although year-on-year performance was more modest than it was 12 months ago. The SMI index of the top blue chip companies stood at 6524.7 points at 11am on Thursday (-0.3 per cent on the end of 2009) and the Swiss Leader Index registered 1,029 points (+2.6 per cent).

A record number of 41,078 structured products – pre-packaged investment strategies based on derivatives -were admitted to trading in 2010 (+38 per cent on the previous year). Over 300 new bonds were listed on the Swiss Exchange during the same period (+28 per cent).

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