On Monday, Switzerland's market overcame a temporary midday dip to close with a solid performance, driven by selective buying in the afternoon sessions.
Investors approached the market with caution, anticipating upcoming Swiss inflation and retail sales data, alongside reports on the KOF Leading Indicators and the Economic Sentiment Index expected later this week.
The Swiss Market Index (SMI) rose by 53.97 points, or 0.44%, to settle at 12,237.97, having recovered from an earlier low of 12,155.96.
Sonova experienced a substantial surge of nearly 7.5%. This increase followed the announcement that the company will resume supplying Costco with its Sennheiser Sonite R hearing aid, a product uniquely designed for the retailer. According to a Reuters report, this rollout will commence across 107 locations in the United States with plans for further expansion.
SIG Group and Holcim increased by 3.58% and 3.44%, respectively, while Logitech International advanced by 2.79%.
Other companies like Sika, Sandoz Group, SGS, Novartis, and Julius Baer concluded the session with gains ranging from 1.1% to 1.7%. Firms such as Swiss Re, Zurich Insurance, Geberit, ABB, Swatch Group, UBS Group, Partners Group, Swiss Life Holding, and Straumann Holding also posted gains between 0.5% and 1%.
Conversely, Roche Holding and Lonza Group saw declines of 1.21% and 1.15%, respectively, by the close of trading.
