Swiss market ends at high again

The Swiss stock market closed at a high on Wednesday. market Throughout Europe, investors have been waiting for the Swiss National Bank’s policy moves, focusing on future monetary policy announcements from the Federal Reserve Board.

The Swiss National Bank will announce interest rate decisions on Thursday.

Benchmark SMI ended at 11,837.57 with a rise of 48.40 points or 0.41%. The index, which rose to 11,876.89 in early trading, fell to a low of 11,797.99 in the middle of the afternoon and then rose again.

Credit Suisse and UBS Group made 2.6% and 2.4% profits, respectively. Richemont was up 2.1%, while Logitech was up nearly 2%.

Swiss Re, Holcim, Zurich Insurance Group and Swiss Life Holding rose 1.5-1.8%, while ABB finished with a rise of about 1.2%.

Givaudan decreased by 1.24%, while Novartis, Geberit and Archon decreased by 0.25 to 0.6%.

Among the stocks in the Intermediate Price Index, Dufry rose 4.8% and Georg Fischer, AMS and Adecco rose 2.3-2.6%.

Clariant, Helvetia, Julius Baer, ​​Zulrose, Logitec, The Swatch Group and Sembra Money Bank increased 1.7-2.2%. OC Oerlikon Corp and Baloise Holding also ended at significantly higher prices.

According to Swiss National Bank data, the Swiss current account surplus expanded to CHF 10.510 billion in the June 2021 quarter, up from CHF 3.21 billion in the same period last year.

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Swiss market ends at high again

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