{"id":10467,"date":"2021-06-04T18:16:57","date_gmt":"2021-06-04T18:16:57","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/06\/04\/swiss-market-closes-at-new-record-high\/"},"modified":"2021-06-04T18:16:57","modified_gmt":"2021-06-04T18:16:57","slug":"swiss-market-closes-at-new-record-high","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/06\/04\/swiss-market-closes-at-new-record-high\/","title":{"rendered":"Swiss Market Closes At New Record High"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland stock market climbed to a new high on Friday, shrugging off a somewhat sluggish start, as investors continued to bet on hopes the <span class=\"landLinks\">economy<\/span> will see a significant recovery this year.<\/p>\n<p>Easing of <span class=\"landLinks\">coronavirus<\/span> restrictions amid falling new cases of infections and acceleration in vaccine rollouts helped keep investor sentiment positive.<\/p>\n<p>The benchmark SMI, which moved in a tight range between 11,505.21 and 11,540.00 till around the penultimate hour, edged higher in the closing minutes to settle at a new high of 11,570.68, gaining 60.08 points or 0.52%.<\/p>\n<p>Roche Holding shares gained 1.25%. Alcon and Sika also gained more than 1%. Nestle and Givaudan both ended nearly 1% up, while Partners Group and Novartis advanced by 0.66% and 0.5%, respectively.<\/p>\n<p>UBS Group, Swiss Life Holding and Swatch Group lost around 1.1%. Holcim ended nearly 1% down, while Swiss Re and Credit Suisse shed 0.44% and 0.37%, respectively.<\/p>\n<p>Among the stocks in the Mid Price Index, AMS climbed 4.36%. Temenos Group climbed about 3% and Tecan Group ended nearly 2% up.<\/p>\n<p>Cembra Money Bank, SIG Combibloc, Straumann Holding and Vifor Pharma gained 1.1 to 1.2%. BB Biotech, Ems Chemie Holding, Sonova, Galenica Sante and Kuehne &amp; Nagel also ended notably higher.<\/p>\n<p>According to the Federal Office of Public Health, Switzerland saw 489 new coronavirus cases in the last 24 hours. That was lower than the 7-day average of 641 cases. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Swiss Market Closes At New Record High<\/a><br \/>\n<br \/>2021-06-04 18:16:57<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland stock market climbed to a new high on Friday, shrugging off a somewhat sluggish start, as investors continued to bet on hopes the economy will see a significant&#8230;<\/p>\n","protected":false},"author":2,"featured_media":10468,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-10467","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=10467"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10467\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/10468"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=10467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=10467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=10467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}