The Swiss market remains strong as stocks rebound with positive global clues
The Swiss stock market closed at a high on Friday, tracking positive global clues.
As inflation continued to rise, and as investors continued to raise stock prices, the market rose steadily as the session progressed, eventually showing a remarkable rise.
Benchmark SMI ended with a significant increase of 369.81 points or 3.54% at the day’s highest of 10,823.12.
All the elements of the SMI index ended with a sharp rise. The UBS Group has surged more than 6% to the top of the list. Credit Suisse, Lonza Group, Givaudan, Geberit, Richemont and Roche Holding rose 4-5.2%.
The Zurich Insurance Group made a profit of 4.2% after agreeing to sell the German traditional traditional life insurance backbook to Viridium Holding AG.
Partners Group, Logitech, Sika, Novartis, Swiss Re, Nestle, SGS, Swiss Life Holding and Alcon rose 2-4%.
In the intermediate price index, Straumann Holding rose 6.5%. Julius Baer, Temenos Group, Swatch Group, Schindler Ps, Georg Fischer, Schindler Holding, Bachem Holding, VAT Group, Clariant, AMS increased by 4-5.1%.
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The Swiss market remains strong as stocks rebound with positive global clues
Source link The Swiss market remains strong as stocks rebound with positive global clues
