Swiss Market Ends Modestly Higher
(RTTNews) - The Swiss market closed modestly higher on Friday after moving in a tight bandwith investors digesting earnings updates and continuing to track the developments on the tariff front.
The benchmark SMI closed up 24.46 points or 0.21% at 11,942.05, after moving between 11,922.05 and 12,013.11.
Sandoz Group climbed nearly 3.5%. ABB closed up 2.22%. Holcim, SGS, Sika, UBS Group, Partners Group, VAT Group, Lonza Group and Alcon gained 1.2 to 1.7%.
SIG Group, Logitech International, Sonova, Givaudan, Richemont, Julius Baer and Straumann Holding gained 0.7 to 1%.
Shares of clinical-stage biopharmaceutical company Addex Therapeutics soared nearly 14%. The company reported a full-year profit at CHF7.1 million, as against a loss of CHF10.6 million in the previous year.
Nestle ended down nearly 2%. Kuehne + Nagel closed lower by 1.54%. Lindt & Spruengli, Adecco and Roche Holding ended modestly lower.
Euro Higher Against Majors
TSX Down Marginally In Lackluster Trade
Swiss Market Ends On Firm Note
European Stocks Close Mixed After Cautious Session
U.S. Business Inventories Rise In Line With Estimates In June
U.S. Consumer Sentiment Unexpectedly Deteriorates In August
U.S. Industrial Production Pulls Back Slightly In July
