In 2008, the SIX Swiss Exchange, SWX Europe and Scoach Switzerland Ltd. recorded annual turnover of CHF1.93bn representing a 23.5% decline compared to the extremely heavy trading witnessed in 2007.
Provisional data shows that, in contrast, the total of transactions rose to an all-time-high of 45,212,001 – a 27.9% increase versus the previous year, the exchange has announced. Bond turnover increased by 24.4% on an annual basis, with exchange traded funds (ETFs) registering a full 36.8% gain.
The total number of trades in equities (plus ETSFs) was up 31.1% in 2008 compared to 2007. Meanwhile, the total number of bond trades and ETF trades grew by 34.7% and 64.3% respectively in 2008 compared to the previous year. The total number of trades in international bonds and structured products and warrants declined by 17.1% and 12.9% respectively in 2008 compared to 2007.
On December 30, the blue chip SMI index was down 34.46% for the year, the SLI Swiss Leader Index PR was down 39.04%, and the broadly-based SPI was down 33.82%.
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