Swiss Market Ends Modestly Higher
(RTTNews) - Despite opening on a negative note and staying weak till around mid afternoon, the Switzerland stock market ended on a fairly firm note on Thursday thanks to some strong buying at several frontline counters in the final hour of the session.
The benchmark SMI, which dropped to a low of 10,737.90 in early trades, ended the session with a gain of 44.68 points or 0.41% at 10,857.35.
Sonova surged 2.03% and Credit Suisse climbed 1.88%, while Lonza Group, Partners Group, Alcon and Swisscom gained 1 to 1.3%.
Logitech, Swiss Re, ABB, Givaudan, Sika, Swiss Life Holding, Geberit and UBS Group also ended on a firm note.
Shares of drug maker Novartis gained about 0.3% after the company said it will pay $245 million to end anti-trust cases over a U.S. generic drug.
Among the stocks in the Mid Price Index, Zur Rose gained 5.3%, rebounding after posting a sharp loss in the previous session. AMS surged 2.6% and VAT Group gained about 2.4%.
Bachem Holding, Temenos Group, Tecan Group, Straumann Holding, Lindt & Spruengli, Adecco, Belimo Holding and PSP Swiss Property gained 1.2 to 2%.
Asian Shares Rise As Nvidia Beats Expectations
U.S. Dollar Falls Amid Fed Rate Cut Speculation
Europe Car Sales Rebound In July
U.S. Dollar Falls Against Majors
European Shares Seen Higher At Open
Sensex Nifty Decline On Tariff Worries
European Economic News Preview: Eurozone Economic Sentiment Data Due
