{"id":23565,"date":"2022-07-06T16:36:26","date_gmt":"2022-07-06T16:36:26","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/07\/06\/swiss-market-ends-sharply-higher-as-stocks-rally-on-bargain-hunting\/"},"modified":"2022-07-06T16:36:26","modified_gmt":"2022-07-06T16:36:26","slug":"swiss-market-ends-sharply-higher-as-stocks-rally-on-bargain-hunting","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/07\/06\/swiss-market-ends-sharply-higher-as-stocks-rally-on-bargain-hunting\/","title":{"rendered":"Swiss Market Ends Sharply Higher As Stocks Rally On Bargain Hunting"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland stock market ended on a buoyant note on Wednesday, tracking positive cues from the major <span class=\"landLinks\">markets<\/span> across Europe. <\/p>\n<p>Hectic bargain hunting after yesterday&#8217;s sharp setback contributed substantially to market&#8217;s surge.<\/p>\n<p>The benchmark SMI, which climbed to 10,896.68 in the first hour, stayed firm right through the session to eventually close with a gain of 138.10 points or 1.29% at 10,840.60.<\/p>\n<p>Partners Group, Lonza Group and Logitech rallied 3.5 to 3.8%. Sika and Geberit gained 2.78% and 2.51%, respectively.<\/p>\n<p>Nestle, Alcon, Richemont, Swiss Life Holding, Roche Holding and ABB ended higher by 1.25 to 2%.<\/p>\n<p>Swisscom declined nearly 1%. Swiss Re ended modestly lower, while Holcim and Credit Suisse ended flat.<\/p>\n<p>Straumann Holding surged 4.6%. Temenos Group ended nearly 4% up, while VAT Group, Galenica Sante and Dufry gained 3 to 3.5%.<\/p>\n<p>Ems Chemie Holding, Adecco, BB Biotech, Bachem Holding, Kuehne &amp; Nagel and Zur Rose mvoed up 2 to 3%.<\/p>\n<p>Clariant and Julius Baer ended lower by 1.25% and 1.1%, respectively. Baloise Holding edged down marginally. <\/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 Ends Sharply Higher As Stocks Rally On Bargain Hunting<\/a><br \/>\n<br \/>2022-07-06 16:36:26<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland stock market ended on a buoyant note on Wednesday, tracking positive cues from the major markets across Europe. Hectic bargain hunting after yesterday&#8217;s sharp setback contributed substantially to&#8230;<\/p>\n","protected":false},"author":2,"featured_media":23566,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-23565","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/23565","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=23565"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/23565\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/23566"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=23565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=23565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=23565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}