The Switzerland market ended modestly higher on Monday despite staying a bit sluggish till around mid morning. Investors largely made cautious moves, looking ahead to the Swiss National Bank’s interest rate decision, and a slew of fresh economic data from the U.S. and Europe.
The Swiss central bank is widely expected to ease its monetary policy for the third time, reducing it to 1%.
The benchmark SMI ended up 31.28 points or 0.26% at 11,965.35. The index moved between 11,922.06 and 12,000.46.
Sandoz Group ended 2.62% up. Nestle, Lindt & Spruengli, Alcon, Zurich Insurance Group, Schindler Ps, Givaudan, Lonza Group, Swiss Life Holding, SIG Group and UBS Group gained 0.5 to 1.1%.
Sonova ended nearly 1.5% down. Adecco dropped 1.28%. Logitech International, Straumann Holding and Julius Baer ended lower by 0.7 to 1%.
Swatch Group, Swiss Re, VAT Group and Richemont ended modestly lower.
Market Analysis
Swiss Market Ends Modestly Higher
2024-09-23 18:06:52
