Advertisement
Swiss Market Ends On Firm Note After Choppy Ride
(RTTNews) - The Switzerland stock market ended on a firm note on Thursday after a choppy session, with investors largely making cautious moves amid persisting concerns about inflation and rising interest rates.
After a weak start, the market emerged into positive territory around mid morning, but tumbled into the red by mid afternoon before recovering to close on a firm note.
The benchmark SMI ended with a gain of 75.25 points or 0.68% at 11,134.74, the day's high. The index dropped to a low of 11,002.17 in early trades.
Partners Group climbed nearly 3%. Geberit, SGS and Alcon gained 2.58%, 2.51% and 2.33%, respectively. Sika, ABB, Nestle and UBS Group gained 1.5 to 1.8%.
Givaudan drifted down 1.6%, Swisscom shed 1.45% and Zurich Insurance Group ended lower by 1%.
In the Mid Price Index, VAT Group surged 5%, Bachem Holding gained 4.2% and Sonova ended 3.2% up. Tecan Group and Straumann Holding gained about 3% and 2.75%, respectively.
SIG Combibloc, Lindt & Spruengli N, Lindt & Spruengli Part and Julius Baer advanced 1.5 to 2%.
Cembra Money Bank plunged 7.3%. Temenos Group drifted down 3%, Dufry closed lower by 2.1% and Zur Rose ended 1.7% down. Schindler Holding and Schindler Ps also ended notably lower.
Canadian Dollar Higher Amid Rising Oil Prices
Swiss Stock Market Heads South On Friday
European Markets Slide On Middle East Concerns
U.S. Consumer Sentiment Improves Much More Than Expected In June
CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers
FTSE 100 Falls Amidst Israel-Iran Conflict
Eurozone Trade Surplus Declines To 3-Month Low
