Swiss Market Ends Modestly Higher
(RTTNews) - After a weak start and a subsequent rebound, the Switzerland stock market tumbled into the red on Wednesday, but recovered gradually past mid afternoon to eventually end the day's session on a positive note.
A firm trend in other European markets helped lift sentiment in the final hour. A report showing an improvement in Swiss investor sentiment in the month of October helped as well.
The benchmark SMI, which dropped to 10,689.81 around mid afternoon, ended the session with a gain of 43.87 points or 0.41% at 10,817.21.
Alcon climbed 2.18%. Lonza Group gained nearly 2%. Sika, Geberit, Sonova and Partners Group surged 1.27 to 1.5%. Novartis advanced 1.03%.
UBS Group ended 1.13% down on profit taking. Logitech declined 0.78%, while Givaudan and Credit Suisse ended lower by about 0.55%.
In the Mid Price Index, Zur Rose, Adecco and Schindler Holding gained 2.4 to 2.7%. Julius Baer and Schindler Ps advanced 1.8% and 1.7%, respectively.
Bachem Holding ended nearly 2% down. PSP Swiss Property and Swatch Group both shed nearly 1%, while Lindt & Spruengli lost 0.7%.
A report from Credit Suisse & CFA Society showed the Swiss investor sentiment index improved by 16.1 points from the previous month to -53.1 in October of 2022. However, that marked the eight consecutive month of negative confidence.
Meanwhile, the assessment of current economic conditions fell by 2.3 points from the previous month to 15.7.
Japanese Market Slightly Higher
Australian Market Slightly Lower
U.S. Dollar Climbs Against Majors
TSX Hovers Near Record High; Materials, Energy Stocks Shine Again
Swiss Market Ends Weak
European Stocks Close On Mixed Note Again
Eurozone Consumer Confidence Weakens More Than Expected In August
