Swiss market ends reasonably high with slow buying

Despite spending many of the day’s sessions in the red, the Swiss stock market closed at a slightly higher price on Friday, thanks to selective purchases at several counters in the last hour. ..

The mood remained cautious amid prolonged concerns over growth and aggressive monetary tightening by the world’s central banks.

Benchmark SMI ended with a 29.19 point or 0.27% increase at 10,770.40 after scaling the daytime lows of 10,631.55 and highs of 10,815.39.

Lonza Group surged 2%. Nestlé, Zurich Insurance Group, Archon and Givaudan were up 0.9-1.2% and Roche Holding was up about 0.6%.

Richemont fell about 1.4%. ABB decreased by 0.82%, while UBS Group, Novartis and Logitech decreased by 0.6-0.7%.

In the intermediate price index, Zur Rose rose 5.7%. Flughafen Zurich rose nearly 4% and Tecan Group rose 3.1%, while Sonova, Bachem Holding, Cembra Money Bank and Dufry rose 1.2-1.8%.

The VAT group has fallen by more than 4%. Clariant and AMS lost 3% and 2.9%, respectively. Julius Baer finished with almost 1% down.

On the economic front, Switzerland’s and Credit Suisse Manufacturing’s PMI fell from 60.0 in the previous month to 59.1 in June 2022, surpassing market expectations of 57.9.

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Swiss market ends reasonably high with slow buying

Source link Swiss market ends reasonably high with slow buying

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