{"id":12718,"date":"2021-08-09T17:29:48","date_gmt":"2021-08-09T17:29:48","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/08\/09\/swiss-market-ends-at-new-high-2\/"},"modified":"2021-08-09T17:29:48","modified_gmt":"2021-08-09T17:29:48","slug":"swiss-market-ends-at-new-high-2","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/08\/09\/swiss-market-ends-at-new-high-2\/","title":{"rendered":"Swiss Market Ends At New High"},"content":{"rendered":"
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The Switzerland stock market closed on a strong note on Monday as traders built up positions after data showed a drop in the country’s jobless rate in the month of July.<\/p>\n

The benchmark SMI, gaining 134.45 points or 1.1%, posted a new closing high as it settled at 12,310.75. The index rose to a fresh record high of 12,321.37.<\/p>\n

Data from the State Secretariat for Economic Affairs showed Switzerland’s jobless rate fell a seasonally to 3% in July from 3.1% in June. On an unadjusted basis, the unemployment rate remained unchanged at 2.8% in July.<\/p>\n

The number of registered unemployed declined to 128,279 in July from 131,821 in the preceding month.<\/p>\n

The unemployment rate among the youth aged between 15 and 24, increased to 2.3% in July from 2.2% in the prior month.<\/p>\n

Among the gainers in the day’s session, Roche Holding climbed about 2.6%. Zurich Insurance Group, Novartis, Lonza Group, Swisscom and Swiss Life Holding gained 1 to 1.5%.<\/p>\n

Givaudan moved up nearly 1%. Alcon, Geberit, Nestle, UBS Group, Partners Group, Swiss Re and Credit Suisse also ended higher. Swatch Group shed about 0.7%.<\/p>\n

Among the stocks in the Swiss Mid Price Index, Tecan Group, BB Biotech, Helvetia and Galenica Sante gained 1.75 to 2.4%, while Baloise Holding, Swiss Prime Site and SIG Combibloc moved up 0.9 to 1.1%.<\/p>\n

AMS and Straumann Holding shed about 2.9% and 2.8%, respectively. Flughafen Zurich ended lower by 2%. <\/p>\n<\/p>\n<\/div>\n