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.
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