SIX Swiss Exchange’s Turnover Surges 20.6% to CHF 94.5 Billion in Sept

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SIX Swiss Exchange's Turnover Surges 20.6% to CHF 94.5 Billion in Sept

<p class="MsoNormal">Total trading turnover on SIX Swiss Exchange, Europe's third-largest stock exchange and top post-trade service provider, reached CHF 94.5 billion in September 2022, which is a 20.6% increase from August.</p><p class="MsoNormal">The number of transactions on the exchange also shot up 20.7% to a total of 4,860,288 last month. </p><p class="MsoNormal">SIX Swiss Exchange disclosed these figures in its trading key figures for September 2022 <a href="https://www.six-group.com/en/newsroom/media-releases/2022/20221003-keyfigures-swiss-exchange-september-2022.html">published</a> on Monday.</p><p class="MsoNormal">Trading turnover on the exchange between January and September 2022 dropped 2% to CHF 955.7 billion when compared to the same period last year. </p><p class="MsoNormal">In a similar measure, the total number of transactions dropped 0.7% to 47,417,809 compared to the first nine months of 2021.</p><p class="MsoNormal">"The highest turnover on a single trading day was recorded on 16 September, which saw securities worth a total volume of CHF 10.0 billion changing hands. The highest number of trades was recorded on 28 September, with 319,246," SIX Swiss Exchange explained.</p><p class="MsoNormal">In August, SIX Swiss Exchange had recorded <a href="https://www.financemagnates.com/institutional-forex/six-swiss-exchange-sees-13-turnover-gain-in-aug-after-2-month-fall/">a 1.3% turnover gain</a>, reversing a two-month decline in its trading figures by generating CHF 78.3 billion in the month.</p><p class="MsoNormal text-align-justify">Nestle and Novartis' Dominance</p><p class="MsoNormal text-align-justify">In September, the shares of Swiss multinational food and drink processing conglomerate, Nestle, continued its <a href="https://www.financemagnates.com/institutional-forex/six-swiss-exchange-sees-2-month-fall-as-turnover-slumps-to-chf-772b/" target="_blank">months-long dominance</a> as the stock with the highest trading turnover.</p><p class="MsoNormal text-align-justify">The turnover of Nestle in the just-concluded month skyrocketed 59% to CHF 9.7 billion, a remarkable increase from August's  CHF 6.1 billion.</p><p class="MsoNormal">Furthermore, Swiss-American multinational pharmaceutical corporation, Novartis AG, continued its months-long top performance as the most traded stock on <a href="https://www.financemagnates.com/tag/six-swiss-exchange/" target="_blank">the SIX Swiss Exchange</a>. </p><p class="MsoNormal">Shares of the pharmaceutical corporation hit 310, 270 transactions in September 2022, a 38% increase from the 225,307 transactions recorded in August.</p><p class="MsoNormal text-align-justify">Crypto ETPs Performance</p><p class="MsoNormal">Finance Magnates' analysis shows that the losses in the trading turnover of products with cryptocurrencies as their underlying assets deepened in September.</p><p class="MsoNormal">In the month, cryptocurrency exchange-traded products (ETPs) generated CHF 87.1 million, a -3.1% drop from August' CHF 89.9 million. Earlier in August, the turnover had collapsed -41% from July's figures.</p><p class="MsoNormal">"In total, 190 products were traded and 6,539 transactions concluded," SIX Swiss Exchange added.</p><p class="MsoNormal">Furthermore, although 21Shares Ethereum ETP (AETH), an Ethereum-based ETP, generated the highest crypto ETP turnover in September, the figure is a -37% decline August's CHF 21 million.</p><p class="MsoNormal">Nonetheless, the AETH recorded the most transactions with 1,205 trades.</p>

This article was written by Solomon Oladipupo at www.financemagnates.com.

Source: SIX Swiss Exchange's Turnover Surges 20.6% to CHF 94.5 Billion in Sept