19.06.2024 20:23:49 - dpa-AFX: Swiss Market Ends Marginally Higher After Lackluster Session

BRUSSELS (dpa-AFX) - The Switzerland market ended marginally up on Wednesday
after a choppy session, as investors largely refrained from making significant
moves ahead of the central bank's policy announcement on Thursday.

The Bank of England's interest rate decision is also due on Thursday.

The Swiss National Bank is widely expected to cut its key policy rate by another
25 basis points to 1.25%.

The benchmark SMI, which moved in a very narrow range between 12,024.00 and
12,068.12, ended with a small gain of 13.63 points or 0.11% at 12,060.24.

Sandoz Group climbed 1.71%. SIG Group gained about 1.2%. Kuehne & Nagel,
Straumann Holding, Novartis, Roche Holding, Holcim and Zurich Insurance Group
ended higher by 0.6 to 1%.

Swisscom, Lindt & Spruengli, Sika and Swiss Re posted modest gains.

Julius Baer drifted down more than 2%. According to reports, the company's
discussions with fellow Swiss private lender EFG International over a potential
merger ended after Finma raised its concerns about the 15 billion-franc tie-up.

Geberit, Schindler Ps, Givaudan and SGS lost 0.9 to 1.25%. Logitech
International, Lonza Group, ABB and Sonova also closed weak.



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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 7.622,01 27.06.24 09:32:00 +12,86 +0,17% - - 7.619,10 7.609,15
FTSE 100 969378 Financial Times SE 8.217,58 27.06.24 09:32:03 -7,75 -0,09% - - 8.225,33 -
DAX ® 846900 Xetra 18.222,90 27.06.24 09:32:03 +67,66 +0,37% - - 18.154,97 18.155,24
E-STOXX 50 ® 965814 STOXX Ltd. 4.933,08 27.06.24 09:32:00 +17,14 +0,35% 0,000 - 4.918,63 4.915,94

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