{"id":57122,"date":"2025-03-07T19:33:10","date_gmt":"2025-03-07T19:33:10","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/03\/07\/swiss-market-ends-modestly-higher-65\/"},"modified":"2025-03-07T19:33:10","modified_gmt":"2025-03-07T19:33:10","slug":"swiss-market-ends-modestly-higher-65","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/03\/07\/swiss-market-ends-modestly-higher-65\/","title":{"rendered":"Swiss Market Ends Modestly Higher"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland market, which spent much of the day&#8217;s session in negative territory, closed on a positive note on Friday, thanks to some strong buying at select counters in the final hour.<\/p>\n<p>The benchmark SMI, which climbed to 13,110.56 in the closing minutes, ended the session with a gain of 47.29 points or 0.36% at 13,076.68. The index had dropped to 12,889.55 in early trades.<\/p>\n<p>Givaudan, Nestle and Lindt &amp; Spruengli gained 2 to 2.22%. Schindler Ps, Swisscom, Novartis and Roche climbed 1.4 to 1.7%.<\/p>\n<p>Sandoz, ABB, Swiss Life Holding, SGS, Zurich Insurance, Sonova and Swiss Re advanced 0.3 to 0.1%.<\/p>\n<p>Mikron Holding rallied more than 8% afte reporting higher sales. The company said it booked a  year-over-year increase in 2024 net sales to 374.1 million francs from 370.2 million francs. <\/p>\n<p>Richemont tumbled nearly 5.5%. Swatch Group ended down 3.15% and Geberit closed 2.1% down.<\/p>\n<p>Alcon ended nearly 2% down. Adecco and Sika closed lower by 1.79% and 1.43%, respectively. Logitech International, SIG Group, Lonza Group and Straumann Holding lost 0.8 to 1%, while Kuehne + Nagel and Holcim, both ended lower by about 0.65%.<\/p>\n<p>Flughafen Zurich drifted down by about 1.6% despite the company reporting consolidated earnings of CHF 326.7 million in 2024, compared to CHF 304.2 million in the previous year.<\/p>\n<p>The euro area <span class=\"landLinks\">economy<\/span> grew in the fourth quarter at a faster than initially estimated pace, driven by consumption and investment. Eurozone economic growth for the fourth quarter was revised up to 0.2% from 0.1%, Eurostat reported. Still, this was weaker than the 0.4% expansion seen in the third quarter.<\/p>\n<p>Data from the Swiss National Bank said Switzerland&#8217;s foreign exchange reserves decreased to CHF 735,371 million in February from CHF 736,437 million in January. <\/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 Modestly Higher<\/a><br \/>\n<br \/>2025-03-07 19:33:10<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland market, which spent much of the day&#8217;s session in negative territory, closed on a positive note on Friday, thanks to some strong buying at select counters in the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":57123,"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-57122","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57122","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=57122"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57122\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57123"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}