Swiss Stocks Move Higher; SMI Ends Nearly 1% Up
(RTTNews) - After a positive start and a subsequent fall into negative territory, the Switzerland market recovered and gained in strength as the session progressed on Tuesday to eventually settle on a strong note.
The benchmark SMI, which slipped to 12,618.25, finished with a gain of 117.51 points or 0.93% at 12,771.63, slightly off the day's high.
Amrize surged 5.14%. Sika climbed nearly 4% and Galderma Group gained about 3.75%, while Holcim and Alcon both gained about 3.2%.
Novartis gained more than 1.5% after US FDA approved the company's Itvisma (onasemnogene abeparvovec-brve) gene replacement therapy to treat spinal muscular atrophy.
Julius Baer, Richemont, UBS Group and Kuehne + Nagel ended higher by 1.3 to 2%. Swatch Group, Sonova, Roche Holding, Geberit and Schindler Ps also closed notably higher.
Straumann Holding lost 1.88%. Nestle, Logitech International, Givaudan and SGS also closed weak, although with less pronounced losses.
German ZEW Economic Sentiment Improves Moderately
Indian Shares Tumble On Rising Oil Prices, Bond Yields
German Stocks Dip On Oil Spike And Rising Geopolitical Tensions
China Industrial Output Strengthens; Retail Sales Miss Forecast
Gold Drifts Lower On Firmer Dollar, Rising Oil And Bond Yields
Oil Prices Rise On Middle East Supply Concerns
European Shares Extend Losses As Banks Tumble On Oil-driven Inflation Fears
