{"id":17582,"date":"2022-01-17T18:40:59","date_gmt":"2022-01-17T18:40:59","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/01\/17\/swiss-market-ends-on-firm-note-18\/"},"modified":"2022-01-17T18:40:59","modified_gmt":"2022-01-17T18:40:59","slug":"swiss-market-ends-on-firm-note-18","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/01\/17\/swiss-market-ends-on-firm-note-18\/","title":{"rendered":"Swiss Market Ends On Firm Note"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland stock market closed on a firm note on Monday as investors indulged in fairly strong buying at several counters amid optimism about earnings and growth.<\/p>\n<p>The benchmark SMI ended with a gain of 107.58 points or 0.86% at 12,633.21, after climbing to a high of 12,657.57.<\/p>\n<p>Richemont rallied 3.62%. Lonza Group gained about 2.75%, while SGS, Swiss Re, Sika, Zurich Insurance Group, Alcon, Holcim and Givaudan moved up 1 to 1.4%.<\/p>\n<p>UBS Group, Nestle, Swiss Life Holding, ABB and Roche Holding also ended with solid gains.<\/p>\n<p>Credit Suisse declined 2.25% after Chairman Ant\u00f3nio Horta-Os\u00f3rio quit following an internal probe into his personal conduct. <\/p>\n<p>A statement issued by Credit Suisse quotes Horta-Os\u00f3rio as saying that &#8220;a number of my personal actions have led to difficulties for the bank and compromised my ability to represent the bank internally and externally. I therefore believe that my resignation is in the interest of the bank and its stakeholders at this crucial time.&#8221;<\/p>\n<p>The statement did not reveal the nature of the investigation into Horta-Os\u00f3rio, who only joined the bank last April following a decade at the helm of British bank Lloyds.<\/p>\n<p>In the Mid Price Index, Tecan Group, VAT Group, Schindler Ps and Schindler Holding gained 3 to 3.6%. BB Biotech climbed 2.4% and Swatch Group gained 2.2%.<\/p>\n<p>Ems Chemie Holding, Sonova, Kuehne &amp; Nagel, Adecco, Straumann Holding, Dufry and OC Oerlikon Corp also closed sharply higher.<\/p>\n<p>Zur Rose declined 1.4% and Flughafen Zurich shed 1.17%. <\/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 On Firm Note<\/a><br \/>\n<br \/>2022-01-17 18:40:59<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland stock market closed on a firm note on Monday as investors indulged in fairly strong buying at several counters amid optimism about earnings and growth. The benchmark SMI&#8230;<\/p>\n","protected":false},"author":2,"featured_media":17583,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-17582","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/17582","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=17582"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/17582\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/17583"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=17582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=17582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=17582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}