{"id":24816,"date":"2022-08-15T17:54:47","date_gmt":"2022-08-15T17:54:47","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/08\/15\/swiss-market-ends-modestly-higher-16\/"},"modified":"2022-08-15T17:54:47","modified_gmt":"2022-08-15T17:54:47","slug":"swiss-market-ends-modestly-higher-16","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/08\/15\/swiss-market-ends-modestly-higher-16\/","title":{"rendered":"Swiss Market Ends Modestly Higher"},"content":{"rendered":"
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Despite suffering a setback that briefly pushed it down into the red, the Switzerland stock market recovered to close on a positive note on Monday with select stocks posting strong gains.<\/p>\n

The benchmark SMI ended with a gain of 43.30 points or 0.39% at 11,171.54. The index touched a low of 11,104.00 and a high of 11,188.98 intraday.<\/p>\n

Givaudan gained about 2%. Sika climbed 1.73%, while Nestle and Roche Holding both advanced nearly 1%.<\/p>\n

Zurich Insurance Group drifted down 1.86% and Credit Suisse declined 1.13%. Swiss Life Holding ended nearly 1% down, while Logitech shed about 0.6%.<\/p>\n

In the Mid Price index, Lindt & Spruengli gained nearly 3%. Ems Chemie Holding, Barry Callebaut, Bachem Holding, VAT Group and Kuehne & Nagel gained 1 to 1.75%.<\/p>\n

Dufry, Adecco, Swatch Group, Baloise Holding and Julius Baer lost 1 to 1.7%.<\/p>\n

Data from the Federal Statistical Office showed Switzerland’s producer and import prices increased at a softer pace in July, rising by 6.3% year, after a 6.9% growth in June.<\/p>\n

The producer price index rose 4.1% annually in July and import prices grew 10.8%.<\/p>\n

On a monthly basis, producer and import prices declined 0.1% in July.<\/p>\n

Prices for basic metals and semi-finished metal products were lower in July, the agency said. Domestic sale prices increased 7.2% yearly in July and rose 0.3% from a month ago. <\/p>\n<\/p>\n<\/div>\n