Swiss Market Ends Marginally Up

RTTNews | 908 days ago
Swiss Market Ends Marginally Up

(RTTNews) - The Switzerland stock market ended marginally up on Wednesday after moving in a tight range with investors largely staying cautious and making stock specific moves.

Worries about economic slowdown and uncertainty about the pace of interest rate hikes rendered the mood cautious.

The benchmark SMI ended with a gain of 20.16 points or 0.18% at 11,094.46 after moving between 11,066.04 and 11,104.13.

Givaudan climbed 2.21% and Swiss Re advanced 1.8%. Richemont, Geberit, Sika and Lonza Group gained 1 to 1.3%.

Logitech, Roche Holding, Swiss Life Holding and Nestle posted modest gains.

Novartis ended lower by 1.76%. Credit Suisse shares plunged more than 6% after the embattled Swiss lender said it would book a loss of up to 1.5 billion Swiss francs ($1.6bn) for the fourth quarter.

Among the stocks in the Swiss Mid Price Index, Tecan Group, VAT Group and Straumann Holding gained 2.5% and 2.65%.

Zur Rose, Belimo Holding, Lindt & Spruengli, SIG Combibloc, Baloise Holding, Kuehne & Nagel and Helvetia gained 0.8 to 1.3%.

read more
Malaysia Stock Market May Tick Higher On Tuesday

Malaysia Stock Market May Tick Higher On Tuesday

The Malaysia stock market has ticked lower in three straight sessions, shedding more than 25 points or 1.8 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,555-point plateau although it may find traction on Tuesday.
RTTNews | 36 minutes ago
Japan Stock Market May Snap Losing Streak

Japan Stock Market May Snap Losing Streak

The Japanese stock market has moved lower in four straight sessions, dropping more than 700 points or 2 percent along the way. The Nikkei 225 now sits just beneath the 37,500-point plateau although it may stop the bleeding on Tuesday.
RTTNews | 51 minutes ago
South Korea Shares Likely To Remain Rangebound

South Korea Shares Likely To Remain Rangebound

The South Korea stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had advanced more than 60 points or 2.4 percent. The KOSPI now sits just above the 2,600-point plateau and it's expected to hold steady in that neighborhood again on Tuesday.
RTTNews | 1h 6min ago
Australia Rate Decision Due On Tuesday

Australia Rate Decision Due On Tuesday

The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBA is widely expected to trim its benchmark lending rate to 3.85 percent from the current 4.10 percent.
RTTNews | 2h 6min ago
Swiss Market Turns Positive In Closing Minutes, Ends Slightly Up

Swiss Market Turns Positive In Closing Minutes, Ends Slightly Up

The Switzerland market closed marginally up on Monday thanks to a few stocks finding some good support in the closing hour of the session. The sentiment was weak for much of the day's session as Moody's downgraded the United States' sovereign credit rating.
RTTNews | 6h 44min ago
Ryanair FY25 Profit Down, But Stock Climbs On Revenue And Traffic Growth, Positive Outlook

Ryanair FY25 Profit Down, But Stock Climbs On Revenue And Traffic Growth, Positive Outlook

Shares of Ryanair Holdings Plc. were gaining around 6 percent in the early morning trading on the Nasdaq after the Irish low-cost airline reported Monday higher revenues and traffic in fiscal 2025, despite delivery delays from aerospace major Boeing Co. The company marked as the first airline in European Union to carry 200 million guests in one year. Meanwhile, Ryanair recorded weak annual profit.
RTTNews | 9h 35min ago