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Swiss Market Ends On Firm Note After Choppy Ride

RTTNews | 1057 days ago

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.

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Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday after opening in the green, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,600 level, with weakness is technology stocks partially offset by gains in gold miners and energy stocks.

RTTNews | 19 minutes ago

China Stock Market May Add To Its Winnings On Friday

China Stock Market May Add To Its Winnings On Friday

The China stock market has moved higher in back-to-back sessions, collecting more than 15 points or 0.4 percent in that span. The Shanghai Composite Index now sits just above the 3,400-point plateau and it's expected to see continued strength on Friday.

RTTNews | 24 minutes ago

Taiwan Shares May Bounce Higher Again On Friday

Taiwan Shares May Bounce Higher Again On Friday

The Taiwan stock market on Thursday ended the three-day winning streak in which it had rallied more than 810 points or 3.6 percent. The Taiwan Stock Exchange now sits just beneath the 22,290-point plateau and it may see renewed support on Friday.

RTTNews | 54 minutes ago

Singapore Bourse May Extend Thursday's Gains

Singapore Bourse May Extend Thursday's Gains

The Singapore stock market on Thursday ended the two-day slide in which it had fallen more than 15 points or 0.4 percent. The Straits Times Index now sits just above the 3,920-point plateau and it's tipped to open to the upside again on Friday.

RTTNews | 1h 24min ago

Malaysia Stock Market May See Additional Support

Malaysia Stock Market May See Additional Support

The Malaysia stock market has ticked higher in consecutive trading days, gathering almost 10 points or 0.6 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau and it may add to its winnings again on Friday.

RTTNews | 1h 54min ago

Win Streak May Continue For South Korea Stock Market

Win Streak May Continue For South Korea Stock Market

The South Korea stock market has finished higher in seven straight sessions, collecting more than 225 points or 8.2 percent along the way. The KOSPI now rests just above the 2,920-point plateau and it's tipped to open in the green again on Friday.

RTTNews | 2h 24min ago

New Zealand Manufacturing PMI Data Due On Friday

New Zealand Manufacturing PMI Data Due On Friday

New Zealand will on Friday release May results for the manufacturing PMI from BusinessNZ, highlighting a light day for Asia-Pacific economic activity. In April, the PMI score was 53.9.

RTTNews | 3h 18min ago

Taiwan Shares May Bounce Higher Again On Friday

Taiwan Shares May Bounce Higher Again On Friday

The Taiwan stock market on Thursday ended the three-day winning streak in which it had rallied more than 810 points or 3.6 percent. The Taiwan Stock Exchange now sits just beneath the 22,290-point plateau and it may see renewed support on Friday.

RTTNews | 3h 41min ago

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