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Swiss Market Ends On Firm Note After Choppy Ride
(RTTNews) - The Switzerland stock market ended on a firm note on Thursday after a choppy session, with investors largely making cautious moves amid persisting concerns about inflation and rising interest rates.
After a weak start, the market emerged into positive territory around mid morning, but tumbled into the red by mid afternoon before recovering to close on a firm note.
The benchmark SMI ended with a gain of 75.25 points or 0.68% at 11,134.74, the day's high. The index dropped to a low of 11,002.17 in early trades.
Partners Group climbed nearly 3%. Geberit, SGS and Alcon gained 2.58%, 2.51% and 2.33%, respectively. Sika, ABB, Nestle and UBS Group gained 1.5 to 1.8%.
Givaudan drifted down 1.6%, Swisscom shed 1.45% and Zurich Insurance Group ended lower by 1%.
In the Mid Price Index, VAT Group surged 5%, Bachem Holding gained 4.2% and Sonova ended 3.2% up. Tecan Group and Straumann Holding gained about 3% and 2.75%, respectively.
SIG Combibloc, Lindt & Spruengli N, Lindt & Spruengli Part and Julius Baer advanced 1.5 to 2%.
Cembra Money Bank plunged 7.3%. Temenos Group drifted down 3%, Dufry closed lower by 2.1% and Zur Rose ended 1.7% down. Schindler Holding and Schindler Ps also ended notably lower.
Asian Markets Trade Mixed
Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments
Rally May Stall For Thai Stock Market
Japanese Market Notably Lower
Indonesia Bourse May Extend Wednesday's Losses
Australian Market Slightly Higher
Hong Kong Bourse May Hand Back Wednesday's Gains
