Swiss Market Ends Marginally Up After Lackluster Session
(RTTNews) - Swiss stocks ended slightly up on Monday after a lackluster session as investors refrained from making significant moves amid a lack of triggers.
Investors digested data showing a slight drop in Swiss consumer confidence in the month of April.
The benchmark SMI, which moved between 11,729.47 and 11,772.82, ended with a small gain of 14.38 points or 0.12% at 11,768.08.
Logitech International, ABB, Givaudan, Roche Holdings, Lindt Spruengli, Alcon and Swisscom gained 1 to 1.5%.
Straumann Holding advanced nearly 1%. Novartis climbed 0.82% and UBS Group ended higher by 0.63%.
Holcim ended more than 4% down. Lonza Group, VAT Group and Swatch Group ended lower by 1.8 to 1.9%. Partners Group dropped 1.59%, while Swiss Re, SGS, Sonova, Julius Baer, Sandoz Group and SIG Group lost 0.7 to 1.2%.
Survey results from the State Secretariat for Economic Affairs, or SECO, showed Swiss consumer confidence was almost unchanged in April.
The consumer confidence index stood at -38.1 in April versus March's 8-month high of -38.0. Further, the consumer sentiment index remained below the long-term average.
Among the main four sub-components, consumers' expectations of how the general economic situation would develop over the next twelve months improved in April, with the corresponding index rising to -21.2 from -24.3.
Similarly, the index measuring intentions for major purchases rose to -37.2 from -40.0.
Meanwhile, households were more pessimistic about their own financial situation, which weakened to -36.2 from -33.0. The past financial situation of the general economy also worsened from -53.4 to -57.6.
Swiss Market Settles Marginally Up
European Stocks Close Mostly Lower After Cautious Session
TSX Hits New High, Up Nearly 0.5%; Materials Stocks Rally Again
Kirkland Signature Ahi Tuna Wasabi Poke Sold At Costco Recalled
Bay Street Looks Headed For Positive Start
China's BYD Stock Down On Reports Of Warren Buffett's Berkshire Hathaway Sells Out Stake
FTSE 100 Up Marginally; Miners In Demand
