Bullish
SMI rises 0.5% to 14,601 points, nearing record high; construction, tech stocks lead.
The Swiss Market Index (SMI) advanced by 0.5% to 14,601 points, approaching its record high of 14,669.51. Gains were driven by strong performances in construction and technology sectors, with companies like Amrize, Holcim, and Stadler Rail leading the charge. However, healthcare giants Roche and Novartis weighed on the index. Investors are also awaiting Nvidia's quarterly results, adding to the positive sentiment.
Key points
- Amrize, Holcim, and Stadler Rail stocks surge, boosting SMI.
- Roche and Novartis stocks decline, dampening index performance.
- Investors await Nvidia's earnings report, influencing market sentiment.
Sources
AI-generated from public news sources. Not financial advice.
