Swiss Market Ends Marginally Up
2024-11-12
1096
(fxcue news) - The Switzerland market closed marginally up on Monday after spending much of the day's session in negative territory. It was a lackluster session with investors looking for directional cues and refraining from making significant moves.
The benchmark SMI closed up 12.56 points or 0.11% at 11,639.60, after moving in a very tight range between 11,574.62 and 11,646.76.
Swiss Re climbed about 2.2% as RBC Capital Markets raised the stock's price target to 128 francs from 120 francs.
Alcon gained 1.81%, SGS ended nearly 1.5% up, and Lindt & Spruengli closed higher by 1.21%.
Givaudan, Richemont, Nestle, Logitech International, Swiss Life Holding, Kuehne + Nagel, Zurich Insurance Group, UBS Group, Sonova and SIG Group gained 0.5 to 1.1%.
Julius Baer ended nearly 2% down. VAT Group, ABB, Sandoz Group, Roche Holding and Lonza Group lost 0.9 to 1.2%. Novartis and Geberit also closed weak.
Data from Swiss Federal Statistical Office said industrial production in Switzerland grew 3.5% year-on-year in the third quarter of 2024, easing from a downwardly revised two-year high of 7% in the previous quarter.
On a seasonally adjusted quarterly basis, industrial activity rose by 0.3%, a sharp deceleration from the revised 3.7% increase in the second quarter.
Sign In via X
Google
Sign In via Google
This page link：http://www.fxcue.com/335766.html
Tips：This page came from Internet, which is not standing for FXCUE opinions of this website.
Statement：Contact us if the content violates the law or your rights
Tips：This page came from Internet, which is not standing for FXCUE opinions of this website.
Statement：Contact us if the content violates the law or your rights