{"id":47234,"date":"2024-05-20T17:41:10","date_gmt":"2024-05-20T17:41:10","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/05\/20\/smi-hits-new-52-week-high-ends-on-strong-note-again\/"},"modified":"2024-05-20T17:41:10","modified_gmt":"2024-05-20T17:41:10","slug":"smi-hits-new-52-week-high-ends-on-strong-note-again","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/05\/20\/smi-hits-new-52-week-high-ends-on-strong-note-again\/","title":{"rendered":"SMI Hits New 52-week High, Ends On Strong Note Again"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland market ended on a firm note on Monday, extending its long winning streak, as the mood continued to remain positive thanks to strong quarterly earnings, and expectations of interest rate cuts.<\/p>\n<p>The benchmark SMI ended with a gain of 91.33 points or 0.76% at 12,037.99. The index touched a high of 12,046.39, a new 52-week high.<\/p>\n<p>Richemont rallied 5.31% following a rating upgrade of the stock. Analysts at Jefferies raised their target price on the stock to 165 Swiss francs from 155 francs. A few others including UBS, Telsey Advisory Group and Bryan, Garnier &amp; Co have also raised their targets on Richemont. <\/p>\n<p>Swatch Group and Swiss Re gained 2.57% and 2.28%, respectively. Givaudan climbed 1.78%, and Nestle ended 1.26% up.<\/p>\n<p>Roche Holdings, Logitech International, Lindt &amp; Spruengli, Zurich Insurance Group and UBS Group posted moderate gains. ams OSRAM, Georg Fischer, Flughafen Zurich and Helvetia also closed higher.<\/p>\n<p>Swiss Life Holdings dropped 5.43%. Sonova, Straumann Holdings, VAT Group, Partners Group, Kuehne &amp; Nagel, Alcon, Schindler Ps, Sandoz Group and Geberit lost 0.7 to 2%.<\/p>\n<p>Meyer Burger Tech tumbled 6.5%. Tecan Group ended lower by about 3%. BKW, Adecco, SGS and Julius Baer also closed weak, albeit with less pronounced losses. <\/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 \/>SMI Hits New 52-week High, Ends On Strong Note Again<\/a><br \/>\n<br \/>2024-05-20 17:41:10<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland market ended on a firm note on Monday, extending its long winning streak, as the mood continued to remain positive thanks to strong quarterly earnings, and expectations of&#8230;<\/p>\n","protected":false},"author":2,"featured_media":47235,"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-47234","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/47234","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=47234"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/47234\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/47235"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=47234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=47234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=47234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}