Swiss Market Ends Modestly Higher
(RTTNews) - Despite opening on a negative note and staying weak till around mid afternoon, the Switzerland stock market ended on a fairly firm note on Thursday thanks to some strong buying at several frontline counters in the final hour of the session.
The benchmark SMI, which dropped to a low of 10,737.90 in early trades, ended the session with a gain of 44.68 points or 0.41% at 10,857.35.
Sonova surged 2.03% and Credit Suisse climbed 1.88%, while Lonza Group, Partners Group, Alcon and Swisscom gained 1 to 1.3%.
Logitech, Swiss Re, ABB, Givaudan, Sika, Swiss Life Holding, Geberit and UBS Group also ended on a firm note.
Shares of drug maker Novartis gained about 0.3% after the company said it will pay $245 million to end anti-trust cases over a U.S. generic drug.
Among the stocks in the Mid Price Index, Zur Rose gained 5.3%, rebounding after posting a sharp loss in the previous session. AMS surged 2.6% and VAT Group gained about 2.4%.
Bachem Holding, Temenos Group, Tecan Group, Straumann Holding, Lindt & Spruengli, Adecco, Belimo Holding and PSP Swiss Property gained 1.2 to 2%.
European Stocks Closed On Mixed Note
Target Q2 Down, Yet Beats Street, Backs FY25 View, Names Michael Fiddelke CEO; Shares Hit
Indonesia Unexpectedly Cuts Interest Rate
Bay Street Likely To Open On Subdued Note
FTSE 100 Recovers From Early Weakness, Up Nearly 0.3%
CAC 40 Flat In Lackluster Trade
Pound Rises As UK Inflation Hits 18-Month High
