Analysis of the Monthly Balance of the SIX Markets: July 2025.

Here’s the translation to American English:

The trading volume in the markets of Switzerland and Spain has reached record figures, surpassing one trillion euros so far this year. By the end of July, a total of €1.04 trillion had been recorded, representing a 20.1% increase compared to the same period last year. This remarkable growth translates into over 52 million transactions on the exchanges operated by SIX to date.

The SIX Swiss Exchange has reported a 15.1% increase in equity trading, reaching CHF 537.99 billion. Additionally, exchange-traded funds (ETFs) have maintained a robust performance, contributing to an 85.8% growth this year, with a volume of CHF 77.639 billion. During the month of July, the total volume in the Swiss market amounted to CHF 89.549 billion, marking a monthly increase of 9%.

Meanwhile, BME Exchange has reported significant growth in its activity. In July, the trading volume in fixed income increased by 25.7%, reaching €15.145 billion. Similarly, the Spanish equity market grew to an annual total of €226.246 billion, representing a 14% increase. In July, the Spanish stock exchange achieved a total volume of €51.749 billion, which is 13.7% more than in the same month last year.

A standout moment in the Spanish market was the arrival of CIRSA, which debuted on July 9 with a market capitalization of €2.52 billion, becoming the fifth addition to the SIX exchanges in 2025.

The volume of fixed-income issuances also showed growth in both Switzerland and Spain, with companies taking advantage of the improved economic uncertainty to issue new bonds. In the Swiss market, CHF 6.959 billion was issued in July, totaling CHF 74.250 billion so far this year, representing a 7.5% increase compared to the previous year. In the Spanish stock exchange, issuances totaled €30.506 billion in July, reaching an annual total of €271.424 billion, a 19.8% increase.

In the realm of structured products, the SIX Swiss Exchange surpassed 100,000 issuances for the third time in its history, reaching a total of 101,135 issuances since the beginning of the year, reflecting a 55.6% increase through July.

Regarding indices, July was a standout month for Spain, with the IBEX 35 closing at 14,397 points, marking an increase of 2.9% compared to June and an impressive 24.2% since the beginning of the year. On the other hand, the Swiss index SMI ended the month at 11,836 points, with a 2% appreciation for the year.

Gregor Braun, Co-Head of Cash Markets at SIX, emphasized the strong trends observed in the first half of the year and highlighted that July showed increases in both trading volume and the number of transactions, underscoring the continued strength of the IBEX 35 as one of the best-performing indices in Europe in 2025.

Source: MiMub in Spanish

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