Swiss Market Ends Slightly Higher
(RTTNews) - After spending much of the day's trading session in the red, the Switzerland market ended with a small gain on Friday as stocks found support in the final hour.
Data showing less than expected growth in U.S. non-farm payroll employment in the month of July raised expectations the Federal Reserve will end its tightening cycle soon.
The benchmark SMI ended with a gain of 11.30 points or 0.1% at 11,098.48. The index touched a low of 11,009.02 and a high of 11,101.41 in the session.
Sika rallied more than 4%. Partners Group gained about 2%, while Swiss Life Holding, Geberit and UBS Group ended higher by 1.5 to 1.75%.
Kuehne & Nagel gained 1.12%. Sonova, Zurich Insurance Group, ABB, Lonza Group and Givaudan advanced 0.5 to 0.9%.
Swiss Re ended 1.6% down and Nestle drifted down 1.1%. Swisscom, Roche Holding and Alcon lost 0.8%, 0.7% and 0.5%, respectively.
Among the stocks in the Mid Price Index, Bachem Holding surged 3.6%. VAT Group ended stronger by 2.7%. Helvetia, Belimo Holding and Straumann Holding gained 1.7 to 2.1%.
Georg Fischer, DocMorris, Julius Baer, Temenos Group, Baloise Holding and Meyer Burger Tech also ended notably higher.
Galenica Sante ended 1.22% down, and Dufry closed lower by about 1%.
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German Inflation Accelerates To 2.2% In August
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Swiss Market Ends Modestly Lower
European Stocks Close Lower On Geopolitical Tensions
U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August
Chicago Business Barometer Slumps Much More Than Expected In August
