Swiss Market Ends Modestly Higher
(RTTNews) - After swinging between gains and losses till around mid afternoon, Swiss stocks found some support on Monday to end the day's session modestly higher.
The benchmark SMI ended with a gain of 28.87 points or 0.24% at 11,960.57, after moving in a very narrow range.
Kuehne & Nagel rallied 2.07% and Sandoz Group climbed 1.53%. Roche Holdings, ABB and UBS Group gained 0.9 to 1.2%.
Straumann Holding, Givaudan, Swiss Life Insurance, Zurich Insurance, Swatch Group and SGS gained 0.5 to 0.8%.
Meyer Burger Tech gained nearly 10%. ams OSRAM AG climbed 3.3%, while Avolta, Galenica Sante, Baloise Holding, Temenos Group, Flughafen Zurich and BKW gained 1 to 2%.
Temenos Group shares gained 1.1% on reports activist investor Petrus Advisers raised its stake in the Swiss banking software company to over 5% from 3.4%.
Julius Baer drifted down 1.5%. The lender is reported to have held preliminary talks with EFG International for the potential acquisition of its Swiss private banking peer in a deal that could result in a combined entity with over 500 billion francs in assets under management. Shares of EFG International ended modestly higher.
Logitech International, Schindler Ps, Sonova and VAT Group lost 0.8 to 1.1%.
Sensex, Nifty Rally On GST Rejig
Australian Market Extends Early Strong Gains In Mid-market
Asian Markets Trade Mostly Higher
Sensex, Nifty Seen Higher As Investors React To GST Meeting Outcome
Thai Shares Tipped To Open In The Green On Thursday
Additional Support Predicted For Indonesia Stock Market
Japanese Market Significantly Higher
