DOW JONES–The Swiss stock market lagged its European counterparts on Tuesday. The dividend discount at Novartis and losses at Nestle, which is also heavily weighted (-0.6%), slowed down the Swiss stock exchange. Overall, there was a good mood on the stock markets because US President Donald Trump had promised an early end to the war in the Middle East. Trump responded to the massive rise in oil prices and did not fail to have an effect. Oil prices then fell sharply – and share prices rose accordingly. Trump also expressed his intention to lift “oil-related sanctions” against some countries in order to depress crude oil prices.
The SMI gained 0.5 percent to 13,065 points. Among the 20 SMI stocks, there were 15 price winners and five losers. 26.72 (previously: 32.1) million shares were sold. Stocks from sectors with high energy requirements benefited from the calming on the oil market. Sika and Holcim climbed by 1.7 and 1.9 percent respectively. Partners Group rose by 0.7 percent according to figures. In trading, the financial group reported strong business figures with a significant improvement in operating results of 19 percent. The increased dividend was also noted favorably.
Meanwhile, investors had further business figures to process: The chocolate manufacturer Lindt & Sprüngli had lowered its growth forecast for 2026 as part of the figures presented against the backdrop of geopolitical uncertainties – the price fell by 8.5 percent. Zurich Airport’s business figures (-1.6%) were also not well received – the retail sector was critical of the passenger outlook due to the canceled flights to the Middle East. There were also business figures from the third row: Kuros Biosciences (+10.6%), Komax (+1.5%), Huber+Suhner (+4.8%), Galenica (+0.8%) and Sensirion (+17%).
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(END) Dow Jones Newswires
March 10, 2026 12:45 ET (16:45 GMT)
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