Swiss Market Ends Modestly Higher
(RTTNews) - The Switzerland stock market ended modestly higher on Tuesday after staying fairly steady right through the day's session.
The benchmark SMI, which moved in a tight range between 10,804.76 and 10,857.61, ended with a gain of 52.89 points or 0.49% at 10,839.11.
UBS Group shares gained about 1.7% after CEO Ralph Hamers reportedly said the Swiss lender views its government-orchestrated takeover of Credit Suisse Group as a growth opportunity.
Novartis climbed nearly 1.5%, extending gains from the previous session. Holcim, Swiss Life Holding and ABB advanced 1 to 1.2%.
Zurich Insurance Group, Credit Suisse and Nestle gained 0.65 to 0.9%. Alcon, Swiss Re and Sonova also ended higher.
Partners Group drifted down 1.82%. Givaudan, Lonza Group and Richemont lost 0.8 to 0.9%.
In the Mid Price Index, Zur Rose surged 2.36%, Swatch Group gained 1.67% and Flughafen Zurich ended 1.25% up. Baloise Holding, Georg Fischer and Helvetia gained nearly 1%.
Swiss Prime Site and AMS lost 4.89% and 4.4%, Bachem Holding ended 2.6% down, while PSP Swiss Property declined nearly 1%.
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Swiss Market Ends On Firm Note
European Stocks Close Mostly Higher
Bay Street Likely To Open On Positive Note
U.S. Dollar Extends Fall Amid Fed Rate Cut Speculation
FTSE 100 Modestly Higher; Beazley Plunges Sharply
