By Steffen Gosenheimer
DOW JONES–The Swiss stock market also went up on Wednesday. The driving force was the burgeoning hope of a detente in the Iran war in the face of obvious diplomatic efforts. The trigger was reports that the US government is said to have submitted a plan to Tehran to end the Iran war. Although Iran rejected this and instead made its own demands, it has also relaxed the rules for passage through the important Strait of Hormuz while fighting continued.
Slightly falling oil prices in particular provided relief on Wednesday, even though the North Sea Brent variety still costs a good $100. Some tailwind also came from the weakening franc, which made exports from Swiss companies cheaper. With the cautious optimism about the situation in the Middle East, the franc was initially no longer sought after as a safe haven, it was said.
The SMI gained 1.6 percent to 12,718 points. Of the 20 SMI stocks, there were 19 price winners and one unchanged stock, Swisscom. 25.48 (previously: 22.63) million shares were sold.
In the SMI, the markups spread across all sectors. At the top were financial stocks such as Partners Group (+3.2%) and UBS (+3.0%), followed by ABB (+2.4%). Bank of America lowered its price target for UBS to 46 from 48 francs, but it is still around 50 percent above the current price. Analysts believe the major bank will benefit from a compromise on Switzerland’s plans to overhaul its banking regulations.
Nestle, one of the drivers in the leading index the day before, was slowed down by a price target reduction by Deutsche Bank and closed only 0.4 percent higher.
Docmorris gained 8.9 percent with the announcement of a restructuring of the board of directors following demands from a major shareholder.
Stadler Rail prices rose by 4.5 percent after UBS dropped its sell recommendation for the train manufacturer’s shares and is now taking a neutral stance. Galderma (+3.3%) was supported by Citigroup’s “Buy” resumption of the stock.
Orior shot up 7.2 percent. The food group’s business figures slightly exceeded market expectations and announced efficiency measures.
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DJG/gos/brb
(END) Dow Jones Newswires
March 25, 2026 12:49 ET (16:49 GMT)
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