Dow Jones-the stock market in Switzerland made up part of its latest losses on Thursday, after the US Federal Reserve had reduced the key interest rate by 25 basis points on Wednesday evening and promised further interest rate cuts.
The SMI won 0.4 percent to 12,049 points. In the 21 SMI values, 15 price winners and five losers faced each other, the Geberit share closed unchanged. 13.69 (previously: 16.45) million shares were implemented.
The leading index was led by Sonova (+1.7%) and Kühne+Nagel (+1.6%). The biggest losers were Amirizen, who were unnecessary by 3.9 percent.
Richemont was also at the top of the SMI with an increase of 1.4 percent, regardless of the Swiss watch exports that had once again shrunk in August. RBC’s analysts noted that Richemont was less dependent on watch exports than Swatch, the share price of which was 1.4 percent. And the analysts of the Citi recommended Richemont for sale because the company benefited from the less crisis -prone demand for jewelry and had good prospects for higher margins in the medium term. At Swatch, on the other hand, the recovery is affected with uncertainty, which is why the Citi share is classified with “neutral”.
Partners Group, who had already benefited from the strategic partnership with PGIM the day before, won another 1.3 percent.
Roche moved by 0.4 percent. The pharmaceutical company buys the Biopharma company 89Bio for up to $ 3.5 billion and thus increases in the area of therapy for obesity companions. The most important medication candidate of 89Bio is a means of treating fatty liver. Novartis (+0.1%) meanwhile remained behind the market.
In the second row, the course of the SIG Group collapsed by 24.4 percent. The packaging company has carried out a strategic reorientation and reduced the annual forecast. The dividend is also deleted.
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(End) Dow Jones Newswires
September 18, 2025 11:40 ET (15:40 GMT)
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