On Thursday, the Swiss stock market maintained a positive trajectory throughout most of the session, concluding with a moderate gain, consistent with other European markets.
The SMI, Switzerland's benchmark index, rose by 50.90 points, or 0.43%, to finish at 11,927.11. After a slight drop to 11,868.98 during early trading, the index reached a session high of 11,968.89.
Among the notable gainers, UBS Group surged nearly 3%, while both Sandoz Group and Partners Group saw an increase of approximately 2.4%. Roche Holding advanced 1.84%, and Givaudan improved by 1.52%. Additionally, Straumann Holding, SGS, Novartis, Swisscom, and Sonova ended the day on a strong note.
Conversely, Adecco suffered a substantial loss of 6.23%, with VAT Group nearly 6% down. Following a downgrade in its rating, Swatch Group fell by about 3%. Lindt & Sprüngli decreased 2.7%, whereas Kuehne + Nagel, Zurich Insurance Group, and Swiss Re saw declines between 1.1% and 1.4%.
Richemont, SIG Group, Geberit, Swiss Life Holding, Sika, and Nestlé also finished lower.
According to data from the Swiss National Bank, Switzerland's foreign exchange reserves grew to CHF 730.96 billion in December, up from CHF 724.69 billion recorded in November 2024.
The material has been provided by InstaForex Company -
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