{"id":9998,"date":"2021-05-21T18:11:32","date_gmt":"2021-05-21T18:11:32","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/05\/21\/swiss-market-ends-higher-for-2nd-straight-day\/"},"modified":"2021-05-21T18:11:32","modified_gmt":"2021-05-21T18:11:32","slug":"swiss-market-ends-higher-for-2nd-straight-day","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/05\/21\/swiss-market-ends-higher-for-2nd-straight-day\/","title":{"rendered":"Swiss Market Ends Higher For 2nd Straight Day"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland stock market, which briefly slipped into negative territory after opening higher Friday morning, recovered swiftly and gradually moved higher to finally end the session on a firm note.<\/p>\n<p>Rising optimism about global economic recovery and good progress in the vaccination drive lifted the market and pushed the benchmark index SMI closer to its all-time high.<\/p>\n<p>The SMI ended with a gain of 73.50 points or 0.66% at 11,225.58, slightly off the day&#8217;s high of 11,239.20, and not far from the record high of 11,266.78 posted in mid-April. On Thursday, the index ended with a gain of 106.88 points or 0.97%.<\/p>\n<p>Richemont surged up nearly 5% after the group said it has proposed to double its dividend to prepandemic levels thanks to full-year financial results beating expectations.<\/p>\n<p>Richemont posted a net profit of 1.289 billion euros in the year to March, up 38% over the previous year. The company has proposed a dividend of 2 Swiss francs per share for financial year 2020-21.<\/p>\n<p>Swiss Life Holding and Swatch Group both ended higher by about 1.35%. ABB, Alcon, Partners Group and UBS Group gained 1 to 1.1%, and Roche Holding ended nearly 1% up. Sika and Credit Suisse also closed on firm note.<\/p>\n<p>Among the stocks in the Mid Price Index, Sonova rallied 4.75%. Tecan Group and Straumann Holding both gained about 1.5%. Lindt &amp; Spruengli, VAT Group, Schindler Holding, Kuehne &amp; Nagel and Georg Fischer gained 0.75 to 1.25%. <\/p>\n<\/p>\n<p>Market Analysis<\/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 Higher For 2nd Straight Day<\/a><br \/>\n<br \/>2021-05-21 18:11:32<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland stock market, which briefly slipped into negative territory after opening higher Friday morning, recovered swiftly and gradually moved higher to finally end the session on a firm note&#8230;.<\/p>\n","protected":false},"author":2,"featured_media":9999,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-9998","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9998","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=9998"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9998\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/9999"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=9998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=9998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=9998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}