Swiss market closes steadily

The Swiss stock market closed well on Thursday, in line with trends seen across Europe, as traders bet on a fairly strong economic recovery.

Benchmark SMI, which remained in the positive territory throughout the day’s session, finished at 12,449.68, 53.96 points (0.44%), after moving between 12,410.89 and 12,468.16.

Swiss Life Holding has recovered more than 3.5% after the company announced that it will begin repurchasing a new CHF 1 billion. The company, which reported a dividend increase, also raised the dividend rate to over 60%.

Lonza Group increased by nearly 2%. Richemont, Swiss Re and Deer rose 1-1.3% and Archon rose 0.83%. Nestle, Partners Group, SGS, UBS Group and Geberit made a small profit.

Credit Suisse, Zurich Insurance Group and Swisscom fell slightly.

In the interim price index, both Flughafen Zurich and Straumann Holding rose 2%. Georg Fischer, SIG Combibloc, Dufry, VAT Group, Swatch Group, Cembra Money Bank and Sonova rose 1-1.7%.

Lindt & Spruengli, PSP Swiss Property, Barry Callebaut and AMS were significantly sluggish.

of coronavirus In the news, the Federal Public Health Service said Switzerland saw more than 8,500 new infections on Wednesday (November 24).

The government has stated that the current situation is “crisis” but no additional national measures are needed to curb the surge. Health Minister Alain Berset said on Wednesday that the hospital’s intensive care unit could still handle the number of Covid patients.

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Swiss market closes steadily

Source link Swiss market closes steadily

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