On Wednesday, the Swiss market concluded marginally higher after a volatile trading session, as investors largely held back from making significant moves ahead of the central bank's upcoming policy announcement on Thursday.
The Bank of England's interest rate decision is also scheduled for Thursday.
Analysts widely anticipate that the Swiss National Bank will reduce its key policy rate by 25 basis points, bringing it down to 1.25%.
The benchmark SMI, which fluctuated within a very narrow range between 12,024.00 and 12,068.12, closed with a minor gain of 13.63 points or 0.11%, settling at 12,060.24.
Sandoz Group saw a rise of 1.71%, while SIG Group gained approximately 1.2%. Kuehne & Nagel, Straumann Holding, Novartis, Roche Holding, Holcim, and Zurich Insurance Group ended the session with gains ranging from 0.6% to 1%.
Swisscom, Lindt & Sprüngli, Sika, and Swiss Re posted modest gains.
Contrarily, Julius Baer dropped more than 2%. Reports indicate that discussions between Julius Baer and fellow Swiss private lender EFG International regarding a potential merger were terminated after Finma expressed concerns about the 15 billion-franc deal.
Geberit, Schindler Ps, Givaudan, and SGS declined by 0.9% to 1.25%. Logitech International, Lonza Group, ABB, and Sonova also ended the trading session lower.
