Swiss Market Ends On Firm Note
(RTTNews) - After posting losses in the previous two sessions, Swiss stocks moved higher on Friday with investors reacting to earnings updates. Data showing an increase in Swiss non-farm payroll employment, and optimism about interest rate cuts in the near future helped underpin sentiment.
Data from Swiss Federal Statistical Office showed Switzerland's non-farm payrolls rose 1.7% year-on-year to a record 5.488 million in the fourth quarter of 2023, following a 1.9% increase in the third quarter.
The benchmark SMI ended with a gain of 110.59 points or 0.97% at 11,496.76, slightly off the day's high of 11,505.72.
Swiss Re climbed nearly 2.5%. Geberit and Roche Holding gained 1.6% and 1.55%, respectively. Richemont, Sika, Nestle, Novartis and Givaudan ended higher by 1 to 1.4%.
Lonza Group, Partners Group, Zurich Insurance Group, Logitech International and Sonova gained 0.7 to 1%.
ABB ended lower by 0.62%. Alcon and Kuehne & Nagel ended marginally down.
In the Mid Price Index, Georg Fischer soared 8.27%. Flughafen Zurich ended nearly 2% up. ams OSRAM AG, Schindler Holding and Baloise Holding gained 1.5 to 1.75%.
Galenica Sante, Schindler Ps, Helvetia, Clariant, Lindt & Spruengli and Temenos Group advanced 0.7 to 1.2%.
Meyer Burger Tech tanked 9.7%. Swatch Group, Julius Baer and VAT Group ended lower by 1 to 1.2%.
Indonesia Shares Tipped To Open In The Green
Hong Kong Shares Poised To End Two-Day Slide
China Stock Market May Stop The Bleeding On Thursday
Taiwan Stock Market May Extend Winning Streak
Singapore Stock Market May Extend Wednesday's Gains
Malaysia Bourse May Add To Its Winnings On Thursday
Higher Open Called For Japan Stock Market
