(RTTNews) - The Switzerland market closed on a firm note on Friday, in line with markets across Europe, as investors picked up stocks from across several sectors.
The benchmark SMI closed up 101.06 points or 0.88% at 11,589.34, slightly off the day's high of 11,597.29.
UBS Group climbed 2.14%. Julius Baer, Lindt & Spruengli, Novartis, Partners Group, Kuehne + Nagel, Swatch Group, SIG Group, Lonza Group, Logitech International and Swiss Re gained 1 to 1.53%.
Geberit, Richemont, Alcon, Adecco, Givaudan, Schindler Ps and ABB advanced 0.7 to 1%. Straumann Holding, Sika, Nestle and Swisscom closed modestly higher.
ams OSRAM AG rallied 5.3%. Galderma climbed about 2.3%. Galenica Sante, Roche Holding, Swiss Prime Site, Georg Fischer, PSP Swiss Property, Temenos Group and BKW also closed on firm note.
Shares of biopharmaceutical company Relief Therapeutics surged more than 8% following an announcement that it expects to sign a definitive agreement on its potential reverse merger with US-based Renexxion in the first quarter of 2025.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
