{"id":12759,"date":"2021-08-10T17:31:47","date_gmt":"2021-08-10T17:31:47","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/08\/10\/swiss-market-rises-again-hits-fresh-record-closing-high\/"},"modified":"2021-08-10T17:31:47","modified_gmt":"2021-08-10T17:31:47","slug":"swiss-market-rises-again-hits-fresh-record-closing-high","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/08\/10\/swiss-market-rises-again-hits-fresh-record-closing-high\/","title":{"rendered":"Swiss Market Rises Again, Hits Fresh Record Closing High"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Despite opening on a slightly weak note, the Switzerland stock market recovered and climbed to fresh record high on Tuesday amid continued optimism about corporate earnings.<\/p>\n<p>Worries about surging <span class=\"landLinks\">coronavirus<\/span> cases weighed on stocks and limited market&#8217;s upside.<\/p>\n<p>The benchmark SMI, which rose to 12,382.71, ended with a gain of 50.94 points or 0.41% at 12,361.69, a new closing high.<\/p>\n<p>Sika gained about 1.75% and ABB climbed 1.36%, while Partners Group, Swiss Life Holding, Holcim, Geberit, UBS Group, Roche Holding and Swiss Re gained 0.6 to 1%.<\/p>\n<p>Alcon, Swatch Group, Richemont and SGS shed 0.3 to 0.8%.<\/p>\n<p>Among the stocks in the Mid Price Index, Dufry gained more than 3%. SIG Combibloc advanced nearly 2% and OC Oerlikon Corp surged up 1.7%, while Clariant, Georg Fischer, Vifor Pharma and VAT Group gained 1 to 1.3%.<\/p>\n<p>Galenica Sante, Tecan Group and AMS shed 1 to 1.4%. Sonova, Straumann Holding, Temenos Group, BB Biotech, PSP Swiss Property and Swiss Prime Site also closed weak.<\/p>\n<p>In coronavirus vaccine news, Switzerland has approved Moderna&#8217;s Covid-19 vaccine for youngsters aged between 12 and 17 years old, weeks after EU regulators authorised the drug for the same age group.<\/p>\n<p>The Swissmedic regulatory authority, which has already approved the Pfizer-BioNTech jab for over-12s, said results from an ongoing study showed Moderna had 93% efficacy in the young age group. <\/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 Rises Again, Hits Fresh Record Closing High<\/a><br \/>\n<br \/>2021-08-10 17:31:47<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite opening on a slightly weak note, the Switzerland stock market recovered and climbed to fresh record high on Tuesday amid continued optimism about corporate earnings. Worries about surging coronavirus&#8230;<\/p>\n","protected":false},"author":2,"featured_media":12760,"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-12759","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12759","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=12759"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12759\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/12760"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=12759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=12759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=12759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}