Swiss Market Ends On Firm Note

By RTTNews2 days ago

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(RTTNews) - The Switzerland stock market ended on a strong note on Thursday amid continued optimism about global economic recovery despite rising coronavirus cases and slow vaccination drive in several places across the world.

The benchmark SMI ended with a gain of 78.70 points or 0.71% at 11,206.88, the day's high.

Partners Group shares gained nearly 2%. Givaudan climbed 1.7%, Roche Holding gained 1.65% and Alcon gained 1.57%. Nestle and SGS moved up by 1.2% and 1.1%, respectively.

ABB gained about 0.75% after launching a new share buyback program. Lonza Group, Sika and Novartis posted modest gains.

Swiss Life Holding, Zurich Insurance Group, Swatch Group and LafargeHolcim closed lower by 0.6 to 1%.

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