Swiss market closes steadily

The Swiss stock market closed steadily as some counters showed active buying in late afternoon trading, despite a strong start on Thursday and a long-term slump that followed.

Benchmark SMI, which fell to 12,064.21 in early trading, ended the session at a record high of the day at 12,153.10, up 65.65 points or 0.54%.

Nestlé rose 1.63%. Sika rose nearly 1%, while Richemont, Givaudan and Swiss Re rose 0.8-0.85%.

Geberit, Novartis, Roche Holding, Logitech, Lonza Group and Holcim made a small profit.

Swisscom shares plunged 7.4% after the company adjusted its 2021 sales outlook. This is due to a review of the fiber optic partnership with Salt and exchange rate trends.

Swisscom said it expects annual net sales to be around CHF 11.2 billion, compared to CHF 11.3 billion annually.

Credit Suisse was down about 1.7%, while ABB and UBS Group were down 0.6% and 0.3%, respectively.

Among the shares in the Swiss Intermediate Price Index, Zur Rose surged 10.3%. Clariant, Temenos Group, Straumann Holding, SIG Combibloc, AMS increased by 4-5% and AMS increased by 3.52%.

Sonova, BB Biotech, Vifor Pharma, Swatch Group and Tecan Group have also closed with strong profits.

Ems Chemie Holding, OC Oerlikon Corp and Julius Baer lost 3.6%, 2.2% and 1.3% respectively.

In vaccination news, Swissmedic, the Swissmedic, has recently announced a third shot or so-called booster of Pfizer / BioNTech and Moderna vaccines for high-risk individuals and people with weakened immunity. Announced that it has approved.

Meanwhile, Switzerland has reported 1785 new cases in the last 24 hours, well above the 7-day average of 1352.

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Swiss market closes steadily

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