Swiss equities in the middle of the week with moderate premium
ZURICH (Dow Jones) – The Swiss stock market ended trading in the middle of the week with a slight premium. However, this meant that the SMI was only able to recover a little from the significant losses on the previous day. Investors remained concerned about the rampant corona pandemic and tightened containment measures in some countries.
The SMI gained 0.2 percent to 12,396 points. Of the 20 SMI stocks, there were 13 price winners and 7 losers. 28.39 (previously: 33.4) million shares were traded.
Financial stocks were particularly popular among investors. These benefited from the recent rise in market interest rates. UBS gained 1.4 percent, while Credit Suisse rose 0.8 percent. In terms of insurance stocks, Zurich Insurance and Swiss Re each rose 0.7 percent.
The index heavyweight Nestle was down 0.4 percent. Roche was able to gain 1.1 percent of the pharmaceutical giants, while Novartis (-0.6%) fell significantly. In the luxury segment, Richemont (+ 1.1%) largely recovered from the previous day’s losses. The stock of the competitor Swatch (hardly changed), however, was left behind.
One day loser was Lonza with a discount of 0.7 percent.
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(END) Dow Jones Newswires
November 24, 2021 11:47 ET (16:47 GMT)