The Swiss stock market saw a modest uptick on Tuesday, maintaining positive momentum throughout the session, driven by selective stocks benefiting from consistent buying interest. The overall sentiment remained somewhat cautious, with stock prices navigating within a narrow range as investors anticipated policy statements from major central banks for guidance.
The Swiss Market Index (SMI) concluded the day with an increase of 38.83 points, or 0.31%, closing at 12,455.44. Among the top performers, SIG Group rose by 2.05%, while Lindt & Sprüngli, Lonza Group, Julius Baer, Alcon, and Straumann Holdings recorded gains between 1.25% and 1.6%. Schindler Ps saw a rise of 1.1%.
Other notable gainers included Zurich Insurance Group, Nestle, Swisscom, Swiss Life Holding, UBS Group, and Geberit, which experienced moderate upticks.
Technology firm Comet Holding's shares surged by approximately 6.5%, buoyed by a 12.1% jump in net sales, reaching 445 million francs in 2024.
Conversely, ABB declined by 1.65%, and Swatch Group finished the day 1.59% lower. Partners Group closed nearly 1% down, with SGS, Sonova, and VAT Group ending the session with slight losses.
