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The Switzerland stock market opened on a weak note on Wednesday, but emerged into positive territory around late morning and kept edging higher as the session progressed to eventually close with modest gains.<\/p>\n
The mood was positive amid optimism about swift global economic recovery.<\/p>\n
The benchmark SMI, which slipped to 10,788.34 in early trades, ended with a gain of 51.80 points or 0.48% at 10,909.77, closing higher for a third straight session.<\/p>\n
The index ended 0.25% up on Tuesday, after moving up by about 2.1% a day earlier.<\/p>\n
Roche Holding shares gained about 2.25%. SGS, Givaudan and Swisscom gained 1.2 to 1.3%, while Partners Group ended nearly 1% up.<\/p>\n
Swiss Life Holding and Geberit both ended lower by about 1.1%. Credit Suisse and Zurich Insurance Group declined 0.6% and 0.5%, respectively.<\/p>\n
In the midcap space, Galenica Sante rallied 3.1% and Sonova gained 2.7%. Ems Chemie Holding, Schindler Ps, Barry Callebaut, OC Oerlikon Corp, BB Biotech, Schindler Holding, SIG Combibloc and Cembra Money Bank also ended notably higher.<\/p>\n
AMS declined 4.6%. VAT Group, Georg Fischer, Flughafen Zurich, Adecco and Baloise Holding also closed with, albeit with less pronounced losses. <\/p>\n<\/p>\n<\/div>\n