SWX And virt-x Key figures For June And Q2 2006

In June 2006, a cumulative total of CHF 157 billion was transacted on SWX Swiss Exchange and virt-x. This corresponds to a 28 % decline versus the record-breaking month of May. However, the quarter-on-quarter comparison reveals that turnover still holding at a very high level. As compared to the second quarter of 2005, the volume of trading in shares (+59 %), derivatives (+58 %) and ETFs (+78 %) registered a marked increase. In contrast, the opposite trend was to be observed in the bond segment, which saw turnover decline by roughly 9 % versus Q2 2005.

A look at the index charts reveals that prices in June 2006 stabilised to a certain extent. If the entire second quarter is taken into consideration, it becomes clear how extensive the correction in the equity markets actually was: since the end of March 2006, the blue chip SMI® index lost 4.6 %, while the broad-based SPI® recorded a 3.4 % drop.

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