Advertisement
Swiss Market Ends On Firm Note
(RTTNews) - The Switzerland market shrugged off a negative start and a subsequent weak spell that lasted till about a couple of hours past noon, and ended on a firm note on Monday with stocks finding support in late afternoon trades.
The benchmark SMI ended with a gain of 47.34 points or 0.42% at 11,379.64, after scaling a low of 11,287.93 and a high of 11,397.53 intraday.
Nestle and Swisscom gained 1.5% and 1.42%, respectively. Sonova, Swiss Re, Givaudan, Novartis and Alcon advanced 0.6 to 0.8%.
Lonza Group, Holcim, UBS Group and Zurich Insurance Group posted modest gains.
Credit Suisse drifted down nearly 2%. Partners Group ended lower by about 1.25%, while Logitech ended 0.74% down.
In the Mid Price Index, Barry Callebaut climbed 1.8%, while Lindt & Spruengli and SIG Combibloc both gained nearly 1%.
Straumann Holding ended nearly 3% down. AMS, Zur Rose and Flughafen Zurich lost 2.2 to 2.6%.
VAT Group, Bachem Holding and Julius Baer ended lower by 1.6%, 1.5% and 1.1%, respectively.
A leading indicator for Switzerland's economy rose at the start of the year, for a second month in a row, to its highest level in seven months reflecting a less gloomier outlook, survey data from the Zurich-based KOF Swiss Economic Institute showed Monday.
The KOF Economic Barometer gained 5.7 points to reach a level of 97.2 in January. Economists had forecast a score of 93.3. The December reading was revised to 91.5 from 92.2.
The January score was the highest since June last year, when the reading was 98.1.
Euro Slips On Trump's Tariff Proposal
Swiss Market Ends Weak On Tariff Concerns
European Stocks Closed Weak On Trump's Fresh Tariff Threat
TSX Recovers After Early Setback; Materials Stocks Move Higher
U.S. New Home Sales Spike From Downwardly Revised Level In April
Germany Logs Stronger Growth On Tariff Threats
Bay Street Likely To Open On Negative Note On Tariff Concerns
