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The Swiss market ends on a solid note


The Swiss market ended on a solid note on Tuesday as stocks recovered from recent losses due to a hunt for deals.

However, sentiment remained cautious due to concerns about growth, rising inflation and the impact of the war in Ukraine and the blockade in China.

The baseline SMI ended with an increase of 97.54 points or 0.85% at 11,541.72 after the intraday level was a minimum of 11,478.76 and a maximum of 11,655.62.

Geberit grew by 3.25% and Swiss Re by almost 2.5%. Holcim, Givaudan, Roche Holding, UBS Group and Richemont rose 1.5-2.2%.

Zurich Insurance Group, ABB, Swiss Life Holding, Swisscom, Lonza Group and Novartis also closed much higher, while Alcon fell 1.51%.

Among the shares in the Swiss average price index, Tecan Group rose by 4.25% and Straumann Holding – by 3.6%. Schindler Ps received almost 2%.

Schindler Holding, VAT Group, Swatch Group, Clariant and AMS grew 1.3-1.7%.

Zur Rose fell by almost 16%. Flughafen Zurich ended the fall by 2.5%.

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