Swiss Market Fails To Hold Early Gains, Ends Marginally Down
BRUSSELS (dpa-AFX) - The Switzerland stock market failed to hold early gains and ended marginally down on Friday, as worries about rising coronavirus cases outweighed positive news on the vaccine front.
The benchmark SMI, which moved higher after a somewhat flat start, pared some gains around mid morning, and then kept edging lower as the session progressed to eventually ended in the red.
The index ended with a loss of 16.50 points or 0.16% at 10,523.86. It touched a high o 10,594.65 and a low of 10,518.70 in the session.
Partners Group, Novartis, Credit Suisse and Swiss Life Holding shed 1 to 1.4%, while Richemont and Swiss Re lost 0.9% and 0.8%, respectively. UBS Group ended lower by about 0.5%.
Swiss Market Ends Notably Higher
BRUSSELS (dpa-AFX) - The Switzerland stock market ended on a high note on Wednesday, in line with the trend seen across Europe, thanks to the rollout of coronavirus vaccine in the UK, USA and Canada, and on optimism about a fiscal stimulus in U.S.
The benchmark SMI, which stayed positive right through the session, ended with a gain of 115.60 points or 1.12% at 10,456.78, the day s high.
Zurich Insurance Group and Swiss Re ended stronger by 3.2% and 3%, respectively. Swiss Life Holding gained 2.5% and Roche Holding advanced 1.6%.
Lonza Group, Givaudan, LafargeHolcim, Novartis and Alcon gained 1 to 1.3%, while Nestle and Partners Group both ended nearly 1% up.
Swiss Market Ends Marginally Down After Cautious Session
BRUSSELS (dpa-AFX) - The Switzerland stock market faltered after a positive start on Monday and spent much of the day s session moving along the flat line before closing with a marginal loss.
The mood, despite positive updates on the coronavirus vaccine front, was cautious as the continued surge in new cases of infection weighed on sentiment.
The benchmark SMI, which advanced to 10,459.77 in early trades, ended the day with a loss of 18.73 points or 0.18% at 10,373.03. The index touched a low of 10,351.76 in the session.
Swatch Group, Richemont and Alcon gained 1 to 1.15%. Swiss Life Holding, Swiss Re and LafargeHolcim ended higher by about 0.75%.
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