{"id":11653,"date":"2021-07-09T18:25:32","date_gmt":"2021-07-09T18:25:32","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/07\/09\/swiss-market-ends-on-firm-note-11\/"},"modified":"2021-07-09T18:25:32","modified_gmt":"2021-07-09T18:25:32","slug":"swiss-market-ends-on-firm-note-11","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/07\/09\/swiss-market-ends-on-firm-note-11\/","title":{"rendered":"Swiss Market Ends On Firm Note"},"content":{"rendered":"
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The Switzerland stock market ended on a firm note on Friday, tracking positive cues from other European markets<\/span> and Wall Street. The market also benefited from some bargain hunting after the sharp setback in the previous session. <\/p>\n

However, gains were just modest as the market moved in a narrow range with investors looking for more positive signal.<\/p>\n

The benchmark SMI ended up by 65.15 points or 0.55% at 11,989.81, after scaling a low of 11,935.49 and a high of 12,005.45 intraday.<\/p>\n

The index ended with a loss of 160.85 points or 1.33% at 11,924.66 on Thursday.<\/p>\n

Swatch Group climbed 2.75% and ABB gained 2.1%, while Swiss Life Holding, Richemont, UBS Group, Zurich Insurance Group, Swiss Re and Holcim moved up 1.25 to 1.6%.<\/p>\n

Novartis ended nearly 1% up, while Credit Suisse, Swisscom, Geberit, Partners Group and Sika gained 0.7 to 0.85%, while Lonza Group, Roche Holding and Nestle closed modestly lower.<\/p>\n

In the Mid Price Index, OC Oerlikon Corp, Helvetia, Adecco and Clariant gained 1.8 to 2.1%. Georg Fischer, PSP Swiss Property, Vifor Pharma and Lindt & Spruengli also closed notably higher.<\/p>\n

Sonova plunged more than 7%. AMS ended nearly 1% down.<\/p>\n

Among the other major markets in Europe, the U.K., Germany and France all ended sharply higher. The U.K.’s FTSE 100 climbed 1.3%, Germany’s DAX surged up 1.73% and France’s CAC jumped 2.07%. The pan European Stoxx 600 gained 1.37%. <\/p>\n<\/p>\n

Market Analysis<\/p>\n<\/div>\n