Swiss Market Ends Moderately Higher
(RTTNews) - After struggling for direction till more than a couple of hours past noon, Swiss stocks found some support on Friday to end the day's session on a firm note.
Worries about tariff war and its impact on global economic growth weighed on sentiment, while optimism about a ceasefire in Ukraine helped a bit in lifting the mood.
The benchmark SMI ended with a gain of 80.62 points or 0.63% at 12,916/81, after scaling a high of 12,948.27.
Adecco rallied 5.66%. Partners Group gained 3.5%. UBS Group, Straumann Holding, Richemont and Holcim closed higher by 2 to 2.5%.
Sika, Swatch Group, ABB, Lonza Group, Alcon and Julius Baer gained 1.1 to 1.9%, and Sandoz Group closed nearly 1% up.
Roche Holding, SIG Group, Kuehne + Nagel, Lindt & Spruengli, Swiss Re and Schindler Ps also closed on positive note.
Givaudan ended down 2.1% after Baader Helvea lowered the stock's price targer a bit.
Swiss Life Holding ended lower by about 2.1% after futures earnings outlook raised concerns. The company reported a net profit of CHF 629 million for the second-half of 2024, about 1% above market forecasts. Profit from operations reached CHF 900 million, exceeding estimates by roughly 3%.
Sonova closed 1.55% down, and SGS ended down 1.04%. Novartis and Swisscom closed modestly lower.
Asian Markets Trade Mostly Higher
Sensex, Nifty Seen Higher On Proposed GST Reforms Push
Thai Shares May Tick Lower Again On Monday
Japanese Market Modestly Higher
Indonesia Bourse May Extend Losing Streak
Hong Kong Shares May See Continued Consolidation On Monday
Australian Market Slightly Higher
