(RTTNews) – The Swiss stock market ended slightly upwards on Friday, marking a four-day losing streak, s spent much of the day in red numbers as investors sought direction.
Persistent considerations about the accumulation of coronavirus cases and economic recovery have weighed on actions. Sustained purchases at some high-level outlets in recent minutes led to a positive closure at the benchmark. Positive knowledge of retail sales helped.
The SMI, which played a low of 9,494. 52 at the session, ended with a gain of 31. 01 emissions or 0. 32% to 9,587. 15, the day’s. 4 sessions.
Swiss Re, the most sensible winner in the benchmark, finished 3. 5% stronger. The reinsurance giant said its capital position is very strong and well stocked to gain advantages from a market environment.
Richemont and Swisscom fell by 1. 1% and 1% respectively, while Givaudan fell by 0. 72%.
In the mid-cap section, Straumann Holding finished with a 3. 15% hike and Julius Baer gained nearly 2%. Vifor Pharma, PSP Swiss Property, VAT Group, Swiss Prime Site, Baloise Holding, Dufry, OC Oerlikon Corp and Helvetia rose 1. 3 to 1. 8%.
SIG Combibloc, Temenos Group, Logitech and Barry Callebaut closed weakly, 0. 9-1. 4%.
In economic news, knowledge from the Federal Bureau of Statistics shows that Switzerland’s retail sales rose through a tight day to 0. 3% year-on-year in September.
Consistent with the monthly basis, seasonally adjusted retail sales decreased by 3. 6% in September. In nominal terms, retail sales rose 0. 3% consistent with the year in September and decreased 3. 6% compared to a month ago.