Advertisement
Swiss Market Ends On Firm Note
(RTTNews) - The Switzerland stock market ended on a firm note on Thursday, bucking the largely weak trend seen across Europe.
The market started off on a weak note, but emerged in positive territory about an hour later, and then stayed firm right through the day's session.
The benchmark SMI ended with a gain of 69.01 points or 0.63% at 10,993.43, the day's high.
Swiss Re gained nearly 2%. Roche Holding, Novartis, Sika and Swisscom climbed 1.2 to 1.7%.
Kuehne & Nagel ended 0.7% up, and Alcon gained 0.75%. Nestle advanved nearly 1% after it agreed to acquire Brazilian chocolate brand Kopenhagen.
Sonova dropped 2.5%. Logitech and Swiss Life Holding ended lower by 1.53% and 1.31%, respectively. UBS Group, Richemont, Lonza Group and Partners Group also ended notably lower.
In the Mid Price Index, Swiss Prime Site, Swatch Group, Lindt & Spruengli, Galenica Sante, Baloise Holding, Flughafen Zurich and PSP Swiss Property gained 0.6 to 1.2%.
AMS ended 6.25% down. Meyer Burger Tech declined 5% and VAT Group ended lower by 3.65%.
Dufry, Georg Fischer, Barry Callebaut, Tecan Group, DocMorris and Julius Baer drifted down 1 to 1.5%.
On the economic front, data from State Secretariat for Economic Affairs showed the Swiss unemployment rate rose to a non-seasonally adjusted 2% in August 2023, from 1.9% in the previous month.
Meanwhile, the youth unemployment rate, measuring job-seekers between 15-24 years old, edged up to 2.2% from a prior 1.8%.
Canadian Market Up Slightly In Cautious Trade
U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected
U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High
Bay Street Likely To Open On Negative Note
U.S. Producer Prices Inch Up Less Than Expected In May
U.S. Weekly Jobless Claims Unchanged At 248,000
Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India
