Swiss Market Ends On Strong Note Again

(RTTNews) - The Switzerland stock market ended on a bright note for a second successive day, thanks to sustained buying at several counters on Tuesday, amid rising optimism about faster economic recovery.

The benchmark SMI, which edged down slightly in early trades, quickly moved above the flat line and stayed firm right through the session. The index ended with a gain of 110.56 points or 1.03% at 10,817.15, after hitting a high of 10,855.99.

On Monday, the SMI ended with a gain of 184.37 points or 1.75%.

Sika rallied 3.1%. The company, which produces construction chemicals, announced that it has developed a recycling process for old concrete and said that the development will make a significant contribution to reducing the ecological footprint of the construction industry.

Swiss Re gained 2.6% after saying it has partnered with Finland-based ICEYE, a commercial radar satellite operator and flood monitoring provider. The strategic deal will advance flood risk management, assist disaster response and speed up claims payments globally, Swiss Re said in a statement.
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