Swiss stock market on Friday market Throughout Europe, after recent losses, investors are indulging in hunting for some bargains.
Despite prolonged concerns about inflation and interest rates, Fed Chair Powell’s reaffirmation that the central bank has not “actively considered” raising 75 basis points has helped raise sentiment.
Benchmark SMI ended at 11,650.42 with 144.29 points (1.25%), the highest of the day.
Lonza Group rose 3.65% and Archon rose 3.5%, while Credit Suisse, SGS, Holcim, Geberit and UBS Group rose 2.6-3.1%.
ABB, Partners Group, Logitech, Givaudan, Zurich Insurance Group, Richemont, Novartis and Swiss Life Holding rose 1.3-2.1%.
Among the shares in the Swiss Mid-Price Index, Straumann Holding rose 7.35%. Phonak increased by 5.3%. Both Tecan Group and Bachem Holding increased by about 4.1%.
Zur Rose, VAT Group, AMS, Kuehne & Nagel, Schindler Holding, Dufry, Julius Baer, BB Biotech, Georg Fischer, and SIG Combibloc increased by 2.3-3.6%.
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Swiss market ends with bright notes
Source link Swiss market ends with bright notes