Swiss Market Ends On Buoyant Note
(RTTNews) - The Switzerland stock market ended on a buoyant note on Tuesday, gaining ground consistently after a marginally positive start.
The benchmark SMI ended with a gain of 127.35 points or 1.16% at 11,103.55, after climbing to a high of 11,120.88.
Novartis shares climbed about 4.65% after the company raised its full-year earnings guidance and mapped out the planned spin-off of its generic medicines division Sandoz for early in the fourth quarter.
Richemont gained 2.65% and Lonza Group advanced 1.8%. UBS Group ended higher by 1.02%, while Partners Group, Geberit, Swiss Life Holding, Swiss Re, Sonova and Holcim gained 0.5 to 0.8%.
Swisscom and Nestle ended lower by 0.76% and 0.34%, respectively. Logitech, Alcon and Zurich Insurance Group ended flat.
In the Mid Price Index, Clariant, AMS, Adecco and Straumann Holding gained 2.1 to 2.5%.
PSP Swiss Property, Dufry, Swiss Prime Site, Swatch Group, Tecan Group and Lindt & Spruengli ended higher by 1 to 1.7%.
DocMorris drifted down 1.7%. SGS ended 1.03% down, while Bachem Holding and Belimo Holding lost 0.72% and 0.47%, respectively.
European Stocks Close On Mixed Note
Euro Falls Amid Political Uncertainty
Bay Street Likely To Open On Positive Note
European Stocks Turning In Mixed Performance
FTSE 100 Flat In Lackluster Trade; Bank Stocks Drifting Lower
CAC 40 Advances After Recent Losses
DAX Remains Weak Despite Paring Some Early Losses
