Swiss Market Ends On Buoyant Note On Widespread Buying
(RTTNews) - The Switzerland stock market closed on a buoyant note on Tuesday, in line with markets across the globe, as fears about aggressive policy tightening by central banks faded a bit after weaker than expected U.S. manufacturing activity data.
The benchmark SMI ended with a big gain of 300.21 points or 2.92% at 10,590.92, the day's high.
Credit Suisse rallied nearly 9%, rebounding after recent fall. ABB and Sika both gained more than 6%.
Partners Group, Richemont, Logitech, UBS Group, Lonza Group, Holcim, Swiss Life Holding, Geberit, Roche Holding, Sonova, Swiss Re and Alcon gained 2.8 to 5.6%.
Among the stocks in the Mid Price Index, VAT Group climbed 8.52%. Tecan Group, Zur Rose, Straumann Holding, AMS and Georg Fischer gained 5.1 to 7.5%.
Julius Baer, Adecco, Schindler Holding, Ems Chemie Holding, Temenos Group, Schindler Ps, Swatch Group, Clariant and Lindt & Spruengli advanced 4 to 5%.
Galenica Sante drifted down nearly 2%. Swiss Prime Site ended 1.1% down, while PSP Swiss Property and SIG Combiblock posted modest losses.
U.S. Dollar Falls Against Most Majors
German Inflation Accelerates To 2.2% In August
Canadian Market Up In Positive Territory; BRP Rises Sharply On Strong Earnings
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
