Swiss Market Ends Higher For 2nd Straight Session

(RTTNews) - The Switzerland market opened on a slightly weak note on Friday, but recovered swiftly and then kept edging higher to eventually end the day's session on a firm note.

The benchmark SMI, which climbed to a high of 12,153.94, settled with a gain of 60.54 points or 0.5% at 12,109.67. On Thursday, the SMI closed with a gain of 0.42%.

UBS Group climbed by about 2.15%. Roche Holding gained 1.4%, while Novartis, Swatch Group and Lindt & Spruengli gained 1 to 1.1%.

Nestle, Swiss Life Holding, Holcim, Sandoz Group, Swisscom, Julius Baer and SGS also closed higher.

SIG Group plunged nearly 7% after the company issued a profit warning. A downward revision in the stock's target price by Deutsche Bank also contributed to the decline.

Kuehne + Nagel tanked more than 9%. Partners Group closed down 2.4%. Sonova, VAT Group and Sika ended lower by 1.4 to 1.7%.

RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source

Tags

Latest Articles

Data is currently not available