BRUSSELS (dpa-AFX) - The Switzerland market ended on a firm note on Monday,
extending its long winning streak, as the mood continued to remain positive
thanks to strong quarterly earnings, and expectations of interest rate cuts.

The benchmark SMI ended with a gain of 91.33 points or 0.76% at 12,037.99. The
index touched a high of 12,046.39, a new 52-week high.

Richemont rallied 5.31% following a rating upgrade of the stock. Analysts at
Jefferies raised their target price on the stock to 165 Swiss francs from 155
francs. A few others including UBS, Telsey Advisory Group and Bryan, Garnier &
Co have also raised their targets on Richemont.

Swatch Group and Swiss Re gained 2.57% and 2.28%, respectively. Givaudan climbed
1.78%, and Nestle ended 1.26% up.

Roche Holdings, Logitech International, Lindt & Spruengli, Zurich Insurance
Group and UBS Group posted moderate gains. ams OSRAM, Georg Fischer, Flughafen
Zurich and Helvetia also closed higher.

Swiss Life Holdings dropped 5.43%. Sonova, Straumann Holdings, VAT Group,
Partners Group, Kuehne & Nagel, Alcon, Schindler Ps, Sandoz Group and Geberit
lost 0.7 to 2%.

Meyer Burger Tech tumbled 6.5%. Tecan Group ended lower by about 3%. BKW,
Adecco, SGS and Julius Baer also closed weak, albeit with less pronounced
losses.



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