Swiss Market Ends On Strong Note
(RTTNews) - The Switzerland stock market ended on a strong note on Thursday after holding firm right through the day's session on positive global cues.
The benchmark SMI ended with a gain of 110.43 points or 0.99% at 11,238.20, after scaling a low of 11,207.56 and a high of 11,283.87 in the session.
Logitech, Lonza Group and Sika gained 3.6 to 4%, while Geberit ended higher by 3%.
Sonova, Partners Group, Alcon, Swiss Life Holding and Swisscom surged 1.7 to 2.5%. Nestle gained 1.23%, while UBS Group and Swiss Re both ended nearly 1% up.
Credit Suisse drifted down 4.36%, while Richemont ended lower by 0.85%.
In the Mid Price Index, Zur Rose soared nearly 15%. AMS gained 2.8%, while Temenos Group, Julius Baer, VAT Group, Ems Chemie Holding, Tecan Group, Belimo HOlding, PSP Swiss Property and SGS gained 1.9 to 2.5%.
On the economic front, Switzerland's consumer price inflation remained unchanged in November, data from the Federal Statistical Office showed.
Consumer prices rose 3% year-on-year in November, the same as seen in October. This was in line with economists' expectations.
On a monthly basis, consumer prices remained stable in November, after a 0.1% rise in the previous month. Economists expected prices to remain unchanged.
Another data from the statistical office showed Switzerland's retail sales declined in October, falling by a working-day adjusted 2.5% year-on-year in the month. On a monthly basis, retail sales fell 2.7% in October.
Swiss Shares Extend Losing Streak
Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further
European Markets Finish In The Red On Tuesday
U.S. Construction Spending Unexpectedly Edges Lower In July
Domino's Launches Two New Delectable Bread Bites Flavors
U.S. Manufacturing Index Inches Up In Line With Estimates In August
FTSE 100 Slips As Yields Spike, Sterling Plunges
