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%.
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
