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Switzerland stock market’s benchmark index SMI settled with a solid gain on Friday after staying positive right through the day’s session. In addition to reacting to some corporate news, investors digested the nation’s inflation data.<\/p>\n
The index, which moved between 13,532.37 and 13,634.11, ended at 13,600.67, gaining 70.75 points or 0.52%.<\/p>\n
Lonza Group climbed 4.7%, Schindler gained about 3.25%, Kuehne + Nagel and VAT Group ended higher by about 3%.<\/p>\n
Logitech International and SGS ended higher by 2.67% and 2.28%, respectively.<\/p>\n
Swisscom gained about 2.35%. The company reported fiscal 2025 net income of CHF1.27 billion, compared to CHF1.54 billion in the prior year, a decline of 17.6%. EBITDA after lease expense rose by 22.6% to 4.98 billion francs, while Revenue increased by 36.6% to 15.05 billion francs.<\/p>\n
Geberit, Amrize, Galderma Group, Novartis, Givaudan and Partners Group also posted strong gains.<\/p>\n
Sonova ended down by 1.49%. Straumann Holding closed 1.1% down, while, Richemont and Helvetia Baloise Holding ended lower by 0.87% and 0.84%, respectively.<\/p>\n
Data from the Federal Statistical Office showed Switzerland’s consumer price inflation held steady at the start of the year as expected, rising 0.1% on a yearly basis in January, the same as in the previous month.<\/p>\n
Prices for housing and energy grew 0.8% from last year, and education costs were 2.6% more expensive. Meanwhile, prices for food and non-alcoholic beverages dropped 0.4%, and transport charges declined 2%.<\/p>\n
On a monthly basis, consumer prices edged down 0.1% amid lower costs for electricity and accommodation. Economists were looking for flat change as in December. <\/p>\n<\/p>\n
Market Analysis<\/p>\n<\/div>\n