Swiss Market Ends Modestly Higher
(RTTNews) - The Switzerland stock market shrugged off a weak start and swiftly moved higher and then stayed firm right through the day's session on Wednesday.
The benchmark SMI ended with a gain of 36.61 points or 0.33% at 11,038.30. The index, which dropped to 10,962.24 at the start, moved in a tight band.
Nestle climbed 1.8%. UBS Group advanced 1.02%. Swiss Re, Novartis, ABB, Roche Holding, Swiss Life Holding, Swisscom, Zurich Insurance Group and Partners Group gained 0.4 to 0.8%.
Richemont declined more than 4%. Alcon ended nearly 2% down. Kuehne & Nagel drifted down 1.54%, and Logitech lost 1.05%.
In the Mid Price Index, Sandoz rallied 3.4%. AMS surged about 2.1%. Clariant and Lindt & Spruengli ended higher by 1.87% and 1.75%, respectively.
PSP Swiss Property, VAT Group, Barry Callebaut, Straumann Holding and Helvetia also ended notably higher.
Meyer Burger Tech and Dufry ended lower by 1.52% and 1.39%, respectively. Tecan Group and SIG Combibloc also ended notably lower.
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