Friday, January 21, 2022

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    Swiss market closed under pressure on Thursday

    The Swiss stock market closed again in the red on Thursday, increasing losses from the previous session.

    Monetary policy will take a broad and positive view, although markets have been under pressure yesterday after Federal Reserve Chairman Jerome Powell said interest rates could rise this year.

    In the last two days, the market has given up almost 90 points or 0.7 percent in that span.

    On Thursday, SMI closed at 12,620.44, losing 50.03 points or 0.39 percent after trading between 12,589.46 and 12,662.45.

    Among activists, Geberit plunged 4.05%, Credit Suisse soared 2.55%, Lonza Group soared 1.94%, Julius Bar soared 1.53%, Zurich Insurance soared 1.44% and Swiss Life soared 1.13%. However, Roche Holding fell 1.12% and ABB fell 0.77%. , Novartis was up 0.73%, Swisscom was up 0.55%, UBS Group was up 0.39% and Swatch Group was up 0.32%.

    Swiss hygiene in corporate news technology Solution provider Geberit Group (GBERF.PK) reported that fourth-quarter net sales were CHF 733 million, an increase of 6.7% from the previous year. After currency adjustment, quarterly net sales increased 7.7%. Growth was positively impacted by the announced price increases and the pull-forward effect of increased wholesaler inventories.

    According to the company’s report, net sales in 2021 increased by 15.9% to CHF 3.46 billion. jobs Year. In local currency, this was an increase of 14.7%.

    Basilea Pharmaceutica Ltd. (BSLN), a Swiss company focused on patients with infectious diseases and cancer, also approved in China on Thursday by licensing partner Pfizer Inc. (PFE) for oral antifungal preparations. Said that he got. Cresemba for yet another indication.

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    Swiss market closed under pressure on Thursday

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    The post Swiss market closed under pressure on Thursday appeared first on Eminetra.

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