Swiss Market Ends On Strong Note
(RTTNews) - The Switzerland market ended on an upbeat note on Tuesday, in line with markets across Europe, as investors chose to pick up stocks that had taken a severe beating in the final weeks of the previous year.
The benchmark SMI ended with a gain of 249.24 points or 2.32% at 10,978.64. The index touched a low of 10,729.40 and a high of 11,004.46.
Richemont surged 6.2% and Credit Suisse climbed nearly 5%. Swiss Re, UBS Group and Geberit gained 3.1 to 3.6%.
Logitech, Novartis, Sika, ABB, Holcim, Swiss Life Holding and Partners Group rallied 2 to 2.8%, and Alcon gained nearly 2%.
Swisscom, Lonza Group, Sonova, Givaudan, Nestle, Zurich Insurance Group and Roche Holding also ended notably higher.
In the Mid Price Index, Zur Rose soared nearly 15%. AMS surged 7.5%, while Swatch Group, Temenos Group and Adecco gained 4.7 to 5.4%.
Dufry, Flughafen Zurich, VAT Group, Georg Fischer, Julius Baer, Swiss Prime Site, Baloise Holding, Straumann Holding and Schindler Ps gained 2.5 to 3.4%.
U.S. Dollar Falls Against Most Majors
German Inflation Accelerates To 2.2% In August
Canadian Market Up In Positive Territory; BRP Rises Sharply On Strong Earnings
Swiss Market Ends Modestly Lower
European Stocks Close Lower On Geopolitical Tensions
U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August
Chicago Business Barometer Slumps Much More Than Expected In August
