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Swiss SIX Swiss Exchange Announces Recovery In March

by Ulrika Lomas, Tax-News.com, Brussels

14 April 2009

Following poor performance at the start of the year the SIX Swiss Exchange has announced that all share indices during March 2009 developed favorably. Total turnover on SIX Swiss Exchange, SWX Europe and Scoach Switzerland Ltd in March amounted to CHF111.1bn, representing an 11.2% increase versus the previous month.

The number of executed trades stood at 3,577,000 (+13.5%). Turnover for the entire first quarter of 2009 amounted to CHF305.02bn, 49.7% lower than in the comparable prior-year quarter, while a total of 9,931,000 trades were executed since the start of the new year (-17.3% versus Q1/2008).

CHF bond trading recorded a significant month-on-month increase - March 2009 turnover amounted to CHF17.99bn, a 17.7% gain compared to the previous month. All share indices developed favorably, with the blue chip SMI closing out March at 4,927.4 (+5.1% for the month), the SLI Swiss Leader Index® PR at 691.4 (+4.0%) and the broadly based SPI® at 4,137.4 (+5.3%).

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