Swiss Market Ends On Firm Note

RTTNews | 1051 days ago
Stocktwits
Swiss Market Ends On Firm Note

(RTTNews) - The Switzerland market shrugged off a weak start and kept edging higher as the session progressed on Wednesday to eventually close on a firm note.

The benchmark SMI ended with a gain of 79.81 points or 0.73% at 11,012.87, slightly off the day's high of 11,020.44. The index dropped to a low of 10,895.27 in the first hour.

Richemont rallied more than 3.5%, Alcon gained about 2.25% and Lonza Group surged nearly 2%.

Partners Group gained about 1.5%, while Givaudan, Nestle, Zurich Insurance Group, Novartis and ABB advanced 0.7 to 1.2%.

Holcim ended nearly 2% down. Geberit declined 1.6%, while Swiss Life Holding shed about 0.7%.

Among the stocks in the Swiss Mid Price Index, BB Biotech and Tecan Group surged 3.6% and 3.3%, respectively.

Swatch Group climbed 2.36%, while VAT Group, SIG Combibloc, Lindt & Spruengli, Bachem Holding, Temenos Group, Galenica Sante and Straumann Holding gained 1.2 to 1.4%.

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