The SIX Exchange in Switzerland has released key figures for December 2024 and the full year 2024.
SIX noted in a recent update that it releases the monthly key figures of SIX Swiss Exchange and BME Exchange on trading and listing activities in Switzerland as well as Spain.
Key Figures SIX Swiss Exchange:
- Equities trading turnover full year 2024: CHF 791,851 million (previous year: CHF 802,466 mn) with 44,621,354 transactions (43,548,082).
Swiss blue chip index SMI® at 11,600.9 points (+4.2% versus the end of 2023) - 2 companies completed successful listings: Galderma and Sunrise
- 6 new product issuers and 1 trading participant joined
In the year 2024, two companies chose to “issue and list equity securities on SIX Swiss Exchange: Galderma with a market capitalization of CHF 14.5 bn and Sunrise with CHF 3.2 bn.”
Galderma’s placement volume was “around CHF 2.3 billion (including over-allotment option) which represents the largest IPO placement in Switzerland since 2017.”
Equally important is the fact that companies that are already listed “made active use of the Swiss capital market and were able to raise around CHF 2.3 billion via equity capital increases in the past year.”
2024 was a strong year for “raising debt capital with bonds.”
Around CHF 104 billion (CHF 116 billion in 2023) were raised, “exceeding the CHF 100 billion mark for the third time in a row. In total, the bond segment saw 453 new listings (436 in 2023).”
In the product segments, six new issuers joined SIX Swiss Exchange over the course of the year: the ETF issuer abrdn Investments, the ETP issuers Issuance.Swiss, UBS, HANetf and DWS Xtrackers, as well as the investment fund issuer Helvetia Asset Management.
In 2024, the number of ETFs available to investors surpassed the “previous year’s record, with 1,885, while structured products reached 60,000 again.”
For the second time in a row, the number of newly listed structured products in a year “passed the 100,000 threshold, reaching the new record of 110,792 (2023: 102,504), while 254 new ETFs were listed (2023: 150).”
Key Figures BME Exchange:
- Equity trading volume rises 6% in 2024 to EUR 318 billion
- The year ends with 3 new listings on the Spanish stock exchange: Puig, Inmocemento and Cox
- Fixed Income concentrates 22,160 transactions in 2024
- Trading in IBEX 35 Options grew 45.7% during the year
The Spanish equity market closed the year with a “6% increase in trading volume to EUR 318,005 million, after successfully completing the incorporation of three companies into its main market: Puig, Inmocemento and Cox.”
At December 31, the Spanish stock market had “a capitalization of 1.3 billion, up 0.9% on the previous year.”
The IBEX35 also followed this positive trend, “rising by 14.8%. Including dividends distributed, the index’s total return reached 20%.”
At the end of the year, BME announced the launch of SpainAtMid, a new non-pre-transparency order book “to make trading Spanish equities more attractive.”
The BME Growth and BME Scaleup markets added “23 companies in 2024, with a total volume of EUR 573.5 million in capital increases.”
A total of 22,160 transactions were “executed in BME’s secondary fixed-income markets for an amount of close to EUR 104 billion.”
New issues in the AIAF market channeled “more than EUR 360 billion of financing to the public and private sector.”
The MARF market received 14 new issuers and “reached the figure of 161 companies that have used this market since its launch in 2013.”
The total volume issued was EUR 16,583 million.
Overall, 18 new green, social or sustainable bond “issues by Spanish issuers were admitted to all BME’s fixed-income markets during 2024.”
The MEFF Derivatives market continued to improve its range of products and services for its clients and ended the year with “an increase of 45.7% in accumulated volume in the year in IBEX 35 Options, while trading in Energy Derivatives increased by 27.9%.”