Advertisement
Swiss Market Ends On Firm Note
(RTTNews) - The Switzerland stock market ended on a firm note on Friday after staying positive right through the day's session as investors shrugged off concerns about growth and focused on earnings.
The benchmark SMI ended with a gain of 75.25 points or 0.66% at 11,437.14, after moving in a tight range between 11,378.82 and 11,444.00.
Logitech rallied 3.1%. Partners Group, Geberit, Sika and Alcon gained 1.8 to 2.5%. Zurich Insurance Group and Roche Holding both surged about 1.5%, while Swiss Re, Sonova and Credit Suisse ended nearly 1% up.
Richemont drifted down 1.5%, while ABB, Novartis and Swisscom posted modest losses.
In the Mid Price Index, Bachem Holding, Ems Chemie Holding, AMS and Adecco gained 2.3 to 2.75%.
Clariant, VAT Group, Barry Callebaut, Lindt & Spruengli, Straumann Holding and Temenos Group also ended notably higher.
In economic news, retail sales in Switzerland dropped 1.9% year-on-year in March 2023, slipping further from a revised 0.5% fall in the previous month, data from Swiss Federal Statistical Office showed. On a monthly basis, retail trade went down 0.1%, following a downwardly revised 0.5% growth in February.
The Swiss Economic Institute (KOF) said Switzerland's KOF economic barometer fell to 96.4 in April of 2023, from an upwardly revised 99.2 in the previous month.
Swiss Market Tumbles Nearly 2.5% On Widespread Selling
Canadian Dollar Extends Decline As Trade War Intensifies
European Stocks Close Notably Lower On Growth Worries
Henkel FY24 Profit Climbs, Outlook Positive; But Stock Drops On View Of Slower Start
U.S. Job Openings Increase More Than Expected To 7.74 Million In January
Bay Street Likely To Open On Positive Note
FTSE 100 Down Marginally; Melrose Industries Up Sharply On Results
