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Swiss Market Ends Modestly Higher
(RTTNews) - The Switzerland market suffered a mild setback in early trades on Tuesday, but recovered soon and then stayed firm right till the end of the session to finish with a modest gain. Investors tracked corporate news and the developments on the geopolitical front.
The benchmark SMI closed up 51.26 points or 0.41% at 12,408.03. The index dropped to a low of 12,329.90 in early trades.
Adecco climbed nearly 2.5% and Sandoz Group gained 2.22%. Novartis ended almost 2% up, while Swatch Group, Swisscom, Roche Holding and Sika gained 1.27 to 1.5%.
Holcim, Nestle, SIG Group, Geberit, ABB and Swiss Re posted moderate gains.
Shares of DocMorris zoomed nearly 14% after Polish medical products wholesaler Pelion acquired a 9.68% stake in the Swiss online pharmacy company.
UBS Group ended down 3.28%. VAT Group drifted lower by about 2.7% after lowering its 2027 sales outlook. Partners Group, Lonza Group and Straumann Holding closed down 1.8%, 1.74% and 1.1%, respectively.
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