In a day marked by initial uncertainty, the Swiss market found its footing and posted gains by midday on Wednesday, spurred by investor interest in response to corporate earnings reports. The Swiss Market Index (SMI) concluded the session up by 103.95 points, or 0.83%, reaching 12,579.44, marking the highest point of the day.
Novartis led the surge with a 3.13% increase, while Sandoz Group also made significant strides, climbing nearly 3%. Roche Holding experienced a 1.85% rise, and Julius Baer saw its stock advance by 1.58%.
Other notable performers included SGS, Sonova, Partners Group, Alcon, Lonza Group, and Swiss Life Holding, all registering gains between 1% and 1.4%. Logitech International also closed nearly 1% higher.
Meanwhile, SIG Group, Richemont, Swiss Re, Swisscom, Holcim, and Geberit experienced modest increases in their stock prices.
In contrast, Swatch Group recorded a loss of 2.2%. UBS Group and Lindt & Sprüngli declined by 1.52% and 1.44%, respectively, with Adecco, ABB, and Sika also ending the day in the red.
