13.05.2024 19:05:05 - dpa-AFX: Swiss Market Ends Marginally Up After Lackluster Session

BRUSSELS (dpa-AFX) - Swiss stocks ended slightly up on Monday after a
lackluster session as investors refrained from making significant moves amid a
lack of triggers.

Investors digested data showing a slight drop in Swiss consumer confidence in
the month of April.

The benchmark SMI, which moved between 11,729.47 and 11,772.82, ended with a
small gain of 14.38 points or 0.12% at 11,768.08.

Logitech International, ABB, Givaudan, Roche Holdings, Lindt Spruengli, Alcon
and Swisscom gained 1 to 1.5%.

Straumann Holding advanced nearly 1%. Novartis climbed 0.82% and UBS Group ended
higher by 0.63%.

Holcim ended more than 4% down. Lonza Group, VAT Group and Swatch Group ended
lower by 1.8 to 1.9%. Partners Group dropped 1.59%, while Swiss Re, SGS, Sonova,
Julius Baer, Sandoz Group and SIG Group lost 0.7 to 1.2%.

Survey results from the State Secretariat for Economic Affairs, or SECO, showed
Swiss consumer confidence was almost unchanged in April.

The consumer confidence index stood at -38.1 in April versus March's 8-month
high of -38.0. Further, the consumer sentiment index remained below the
long-term average.

Among the main four sub-components, consumers' expectations of how the general
economic situation would develop over the next twelve months improved in April,
with the corresponding index rising to -21.2 from -24.3.

Similarly, the index measuring intentions for major purchases rose to -37.2 from
-40.0.

Meanwhile, households were more pessimistic about their own financial situation,
which weakened to -36.2 from -33.0. The past financial situation of the general
economy also worsened from -53.4 to -57.6.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CAC 40 969400 Paris 7.935,03 29.05.24 18:05:02 -122,77 -1,52% - - 8.033,56 7.935,03
FTSE 100 969378 Financial Times SE 8.183,07 29.05.24 17:50:00 -71,11 -0,86% - - 8.254,18 -
DAX ® 846900 Xetra 18.473,29 29.05.24 17:50:00 -204,58 -1,10% - - 18.677,70 18.473,29
E-STOXX 50 ® 965814 STOXX Ltd. 4.963,20 29.05.24 17:50:00 -67,15 -1,33% 0,000 - 5.027,52 4.963,20

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