FX.co ★ Swiss Market Ends Higher For 3rd Straight Day

The Swiss market concluded the week on a positive note, marking its third consecutive session of gains. This momentum was driven by sustained optimism regarding U.S. interest rate trends and favorable quarterly earnings reports.

The benchmark Swiss Market Index (SMI) reached a new all-time high at 12,383.99 points before closing with a robust gain of 109.40 points, or 0.89%, at 12,365.18.

Partners Group saw a 1.6% increase in its share price following the announcement of a rise in total assets under management to $149.2 billion as of June 30, up from $141.7 billion in the same period last year.

Among other notable performers, ABB shares surged over 2%. Schindler Ps, Swatch Group, Roche Holding, Sika, Logitech International, Richemont, Alcon, and Nestle posted gains ranging from 1% to 1.6%.

UBS Group, Holcim, SGS, Novartis, VAT Group, and Geberit also ended the day with significant upward movement.

On the downside, Straumann Holding experienced a drop of 2.8%, while Julius Baer, Kuehne + Nagel, and Lonza Group recorded losses between 0.5% and 0.7%.