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Swiss Market Closes Modestly Higher
BRUSSELS (dpa-AFX) - The Switzerland stock market ended modestly higher on Monday after spending the entire session in positive territory amid continued optimism about a swift global economic recovery.
Reports saying new coronavirus cases are slowing down in several parts of the world, and hopes about a U.S. economic stimulus helped keep sentiment positive.
The benchmark SMI ended up 23.36 points or 0.22% at 10,778.83, which was the day s lowest mark. The index touched a high of 10,844.11 around mid afternoon.
UBS Group shares gained about 1.7%. Richemont, Lonza Group and Givaudan ended higher by 1.2 to 1.5%.
Sika gained about 1.4%. The specialty chemicals company said it has agreed to acquire Kreps LLC, a mortar manufacturer in Russia.