{"id":11319,"date":"2021-06-29T18:32:29","date_gmt":"2021-06-29T18:32:29","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/06\/29\/swiss-market-ends-marginally-higher\/"},"modified":"2021-06-29T18:32:29","modified_gmt":"2021-06-29T18:32:29","slug":"swiss-market-ends-marginally-higher","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/06\/29\/swiss-market-ends-marginally-higher\/","title":{"rendered":"Swiss Market Ends Marginally Higher"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland stock market ended marginally up on Tuesday, after staying positive right through the day&#8217;s session, amid continued optimism about economic growth after the government removed most of the covid-related restrictions in the country.<\/p>\n<p>The benchmark SMI ended up by 19.28 points or 0.16% at 12,028.45, after rising to a high of 12,071.29 intraday. Once again, buying interest in the market was subdued and the index moved in a very narrow range.<\/p>\n<p>Among the gainers in the benchmark index, Partners Group and Geberit both climbed by about 1.2%. Alcon, Sika and ABB gained 0.8 to 1%, while UBS Group, Swatch Group and Credit Suisse ended modestly higher.<\/p>\n<p>Swiss Life Holding, Lonza Group and Swisscom ended lower by 0.3 to 0.6%, while Richemont edged down marginally.<\/p>\n<p>Novartis ended modestly lower and Roche Group edged up marginally. According to reports citing a U.S. District Court lawsuit, Novartis wants Roche to return $210 million after accusing its Swiss rival of inappropriately pocketing fees from a 16-year-old patent licensing agreement. <\/p>\n<p>The issue stems from a 2005 deal requiring U.S.-based Chiron Corp. to make payments to Roche&#8217;s U.S. Genentech unit to use its intellectual property. <\/p>\n<p>Novartis, which bought Chiron in 2006, and was making payments to Roche, subsequently discovered it overpaid by mistake, and launched the lawsuit to recover the excess amount paid,<\/p>\n<p>In the Swiss Mid Price Index, Julius Baer gained nearly 2%. Adecco, Schindler Holding, Georg Fischer, Schindler Ps, Ems Chemie Holding and Galenica Sante moved up 1 to 1.4%.<\/p>\n<p>Tecan Group shares delcined 3.2% and Dufry shed about 1.55%. Flughafen Zurich ended 1.3% down, while Temenos Group and Vifor Pharma lost 0.6% and 0.5%, respectively. <\/p>\n<\/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 Ends Marginally Higher<\/a><br \/>\n<br \/>2021-06-29 18:32:29<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland stock market ended marginally up on Tuesday, after staying positive right through the day&#8217;s session, amid continued optimism about economic growth after the government removed most of the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":11320,"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-11319","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11319","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=11319"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11319\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/11320"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=11319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=11319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=11319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}