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Swiss Market Ends On Firm Note
(RTTNews) - The Switzerland stock market shrugged off a mild mid morning setback ended on a firm note on Tuesday with several frontline counters attracting strong buying interest.
The benchmark SMI, which eased to 11,159.15 around mid morning, ended the session with a gain of 53.73 points or 0.48% at 11,231.41.
Logitech soared 12.3%. The company sid sales in the three months to June fell 16% to $974 million, higher than market forecasts for $926 million. Non GAAP operating profit of $109 million also beat expectations.
The company said it now expects first-half sales of $1.875 billion to $1.975 billion, up from the previous projection of $1.8 billion to $1.9 billion.
Kuehne & Nagel surged 3.75%. Lonza Group, Geberit and Sika gained 1.9 to 2.2%. Givaudan, Sonova, Holcim, Swiss Life Holding and UBS Group ended higher by 0.8 to 1.2%.
Swisscom ended 0.36% down. Roche Holding and Novartis ended slightly down.
In the Swiss Midcap Index, Adecco climbed about 3.5%. VAT Group and Meyer Burger Tech gained 2.8% and 2.4%, respectively.
Swatch Group, Clariant, Tecan Group, SGS, Bachem Holding, AMS, Julius Baer and Schindler Holding advanced 1 to 2%.
SIG Combibloc drifted down 3.47%. Dufry, Galenica Sante, Barry Callebaut and Flughafen Zurich posted modest losses.
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Swiss Market Ends Moderately Lower
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U.S. Consumer Price Growth Matches Estimates In June
German Unemployment Rises In July
U.S. Jobless Claims Inch Up Less Than Expected To 218,000
U.S. Consumer Prices Increase In Line With Estimates In June
