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The Switzerland stock market closed marginally up on Monday after staying positive almost right through the day’s session. <\/p>\n
Concerns about the new variant of coronavirus<\/span> Omicron eased a bit after a South African doctor who has treated cases said symptoms so far seemed to be mild.<\/p>\n However, with the World Health Organization saying that it could take weeks to understand the variant’s severity, the mood remained a bit cautious.<\/p>\n The benchmark SMI ended with a gain of 21.53 points or 0.18% at 12,220.74, after moving between 12,193.76 and 12,285.80.<\/p>\n Richemont gained more than 4%. Partners Group climbed nearly 3%, while Swiss Life Holding, Sika and ABB gained 1.82%, 1.76% and 1.4%, respectively. UBS Group gained nearly 1%.<\/p>\n Logitech, Holcim, Lonza Group, Swisscom and Novartis ended with sharp to moderate losses.<\/p>\n Among the stocks in the Swiss Mid Price Index, VAT Group, Straumann Holding and AMS gained about 3%, 2.8% and 2.3%, respectively. Dufry and Swatch Group both gained nearly 2%.<\/p>\n Tecan Group, Zur Rose, PSP Swiss Property, Adecco, Temenos Group, Swiss Prime Site and Galenica Sante shed 1.2 to 2.7%.<\/p>\n Meanwhile, the Swiss government said on Sunday that the first probable case of the new Omicron variant of Covid-19 has been detected in the country. Following this, the government has tightened entry restrictions to check its spread, imposing a flight ban on direct flights from southern African countries. <\/p>\n The Swiss government has also imposed a negative test for those boarding a flight and quarantine for ten days for travelers from Hong Kong, Belgium, Australia, Denmark, Britan, the Czech Republic and Israel, where there are cases of the new Omicron variant. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n