Swiss Market Ends Modestly Higher
(RTTNews) - After swinging between gains and losses till around mid afternoon, Swiss stocks found some support on Monday to end the day's session modestly higher.
The benchmark SMI ended with a gain of 28.87 points or 0.24% at 11,960.57, after moving in a very narrow range.
Kuehne & Nagel rallied 2.07% and Sandoz Group climbed 1.53%. Roche Holdings, ABB and UBS Group gained 0.9 to 1.2%.
Straumann Holding, Givaudan, Swiss Life Insurance, Zurich Insurance, Swatch Group and SGS gained 0.5 to 0.8%.
Meyer Burger Tech gained nearly 10%. ams OSRAM AG climbed 3.3%, while Avolta, Galenica Sante, Baloise Holding, Temenos Group, Flughafen Zurich and BKW gained 1 to 2%.
Temenos Group shares gained 1.1% on reports activist investor Petrus Advisers raised its stake in the Swiss banking software company to over 5% from 3.4%.
Julius Baer drifted down 1.5%. The lender is reported to have held preliminary talks with EFG International for the potential acquisition of its Swiss private banking peer in a deal that could result in a combined entity with over 500 billion francs in assets under management. Shares of EFG International ended modestly higher.
Logitech International, Schindler Ps, Sonova and VAT Group lost 0.8 to 1.1%.
U.S. Dollar Climbs Amid Rising Treasury Yields
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
