Swiss Market Ends On Strong Note

(RTTNews) - The Switzerland stock market ended on a firm note on Wednesday, after moving in a tight band well above the flat line right through the day's session.

Positive trend across Europe and steady U.S. market after a pullback by treasury yields contributed to the firm undertone in the Swiss market.

A report showing an improvement in Swiss economic sentiment helped as well. The Zew Economic Sentiment Index in Switzerland increased to 25.70 in September from -7.80 in August of 2021.

The benchmark SMI, which moved between 11,571.00 and 11,656.36, ended with a gain of 142.75 points or 1.24% at 11,628.33.

Swisscom and Nestle both gained about 2.3%. Roche Holding, UBS Group and Novartis gained 1.4 to 1.65%.

Geberit, Richemont, Swiss Re, Swiss Life Holding, Partners Group, Zurich Insurance Group and Givaudan moved up 0.7 to 1.2%.

In the Swiss Mid Price index, Tecan Group gained nearly 3% and Zur Rose climbed 2.05%. Vifor Pharma, Lindt & Spruengli, Barry Callebaut, Baloise Holding, Dufry, OC Oerlikon Corp and Julius Baer gained 0.7 to 1.6%.

Schindler Holding and Schindler Ps both declined nearly 2%. Temenos Group, Georg Fischer and SIG Combibloc lost 1.6 to 1.8%. Ems Chemie Holding, Straumann Holding and AMS also ended notably lower.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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