Swiss Markets Ends On Firm Note
(RTTNews) - The Switzerland stock market ended on a firm note on Tuesday, tracking positive global cues after the UK government's U-turn on recent fiscal measures helped lift sentiment.
The benchmark SMI ended with a gain of 80.05 points or 0.76% at 10,578.76, after scaling a low of 10,513.97 and a high of 10,645.71 intraday.
Sika surged nearly 3.5%. Holcim surged 2.83%. Geberit, Givaudan, ABB, Partners Group and Lonza Group gained 1.8 to 2.1%.
Credit Suisse climbed about 1.6% on reports that the Swiss banking giant has turned to Middle Eastern sovereign wealth funds for a capital injection.
Richemont and UBS Group both moved up by about 1.5%, and Alcon advanced 1.1%.
Roche holding ended slightly weak after posting a 6% decline in quarterly sales.
Among the stocks in the Swiss Mid Price Index, Bachem Holding rallied nearly 7%. VAT Group, Ems Chemie Holding, Tecan Group and Georg Fischer gained 3.1 to 4%.
SIG Combibloc climbed 2.2%. Belimo Holding, AMS, Schindler Holding, Straumann Holding, Zur Rose, Adecco, Lindt & Spruengli, Kuehne &Nagel and Schindler Ps gained 1.5 to 2%. PSP Swiss Property slid 1.56%.
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