Monday, August 2, 2021
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Swiss market remains strong – News

After a gradual restoration on Monday morning, the Swiss market progressively rose within the early morning, regardless of a barely weak begin and a gentle setback, finally ending the session steadily.

Benchmark SMI completed at 12,081.62 with 91.81 factors (0.77%), the best of the day. The index fell to a low of 11,959.93 about an hour after the opening bell.

Companions Group rose almost 2.5%. Richemont rose greater than 1.5%, whereas Swatch Group, SGS, Swisscom, Geberit, Givaudan and Swiss Re rose 1-1.32%.

Each Roche Holding and Swiss Life Holding rose almost 1%. Lonza Group, UBS Group, Zurich Insurance coverage Group, Deer and Archon elevated by 0.6-0.8%.

Credit score Suisse rebounded, rising 0.61% after falling about 1.6% early within the session. The announcement from the lenders that Floriana Scarlato determined to depart the corporate instantly to pursue new challenges exterior the financial institution weighed on shares early within the session.

Among the many shares within the Swiss Mid-Value Index, Sonova rose almost 2.75%, SIG Combibloc, Swiss Prime Web site and PSP Swiss Properties rose 2-2.25%, and VAT Group and Vifor Pharma rose almost 2%.

Straumann Holding, Julius Baer, ​​Kuehne & Nagel, Ems Chemie Holding and Galenica Sante rose 1.5-1.7%.

Flughafen Zurich, Dufry, and AMS decreased 2.2%, 1.7%, and 1.4%, respectively. OC Oerlikon Corp fell almost 0.5%.

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