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Swiss market ends again with strong notes

The Swiss stock market regained its composure after a good start on Thursday morning, moving unchanged from noon to a few hours later, but then gradually strengthened and eventually traded steadily. Was finished.

Benchmark SMI settled at 11,892.52 with an increase of 77.93 points (0.66%), the highest of the day. The index fell to 11,786.25 earlier in the day.

Richemont rose 4.12%. Partners Group rose nearly 2.5% and UBS Group rose nearly 2%. Credit Suisse, Swiss Life Holding and ABB rose 1.1-1.3%, while Nestlé and Zurich Insurance Group both rose nearly 1%.

Alcon, Givaudan and Swisscom reduced 0.25 to 0.52%.

Among the shares in the Swiss Mid-Price Index, VAT Group rose about 3.5% and Julius Baer rose almost 3%. Swatch Group, Tecan Group, Helvetia, Straumann Holding and OC Oerlikon Corp increased by 1.7-2.2%.

In economic news, prices for Swiss producers and imports rose in September, up 4.5% year-on-year, according to data released by the Federal Bureau of Statistics. The producer price index rose 2.9% each year in September, and import prices accelerated 8.1%.

On a monthly basis, producer and import prices rose 0.2% in September.

Meanwhile, in the virus update, Swiss Health Minister Alain Berset said: coronavirus The situation where “encouragement” is “fragile”. He warned that the burden on hospitals and intensive care units could increase, especially as the upcoming October holidays and cold season approach.

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Swiss market ends again with strong notes

Source link Swiss market ends again with strong notes

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