On Wednesday, the Swiss market, despite encountering a sluggish start and initial struggles for support during the morning, managed to gain momentum by late morning. The market continued its upward trajectory throughout the day, ultimately closing with notable strength.
The SMI, the primary benchmark, concluded the session with an increase of 111.94 points, marking a 0.93% rise to reach 12,122.93, which was the highest point of the day. Earlier in the day, the index had hit a low of 11,988.06.
Sandoz Group saw a significant surge, climbing by 4.52%. Julius Baer experienced a nearly 3.5% increase, and SIG Group finished 2.2% higher. Adecco, Swiss Re, Swatch Group, Novartis, and Partners Group also posted gains, rising between 1.6% and 2%.
Meanwhile, substantial gains were observed in UBS Group, Richemont, ABB, and Holcim, with each closing 1% to 1.5% higher. Companies such as Roche Holding, Nestle, Alcon, Swiss Life Holding, Lonza Group, Swisscom, and Sonova also ended the session on a positive note.
Conversely, Straumann Holding recorded a decline, falling 1.35%. Other companies, including VAT Group, Kuehne + Nagel, Givaudan, Geberit, Sika, and Lindt & Sprüngli, also ended the day with weaker performances.