SWX turnover up by 4.5 per cent

The Swiss stock exchange SWX reports that total turnover in July reached SFr103 billion ($60 billion), some 4.5 per cent more than the previous month. Year-on-year, the increase amounted to 15.19 per cent.

In a communiqué, SWX said that trading in shares and funds accounted for the lion’s share of the total, with a volume of SFr85.4 billion, 4.5 per cent more than in June.

However, turnover in bonds went down by almost 4.5 per cent to just over SFr12 billion.

Trading in derivatives rose by 27.2 per cent in July compared to the previous month to reach SFr6.185 billion.

The communiqué added that trading in eurobonds denominated in euros soared by 57 per cent to SFr594 million, while trading of eurobonds in United States dollars went down by almost 18 per cent to SFr230 million.

At the end of July, the Swiss Market Index (blue chips) stood at 8,023.2 points, up by 3.37 per cent over June, while the more comprehensive Swiss Performance Index was up 3.98 per cent at 5,504.1 points.

swissinfo with agencies