The Swiss stock market got off to a slow start Thursday morning, with losses in early trade. The market recovered rather quickly and climbed into the green, before settling into a range.
Trading volume was rather low ahead of the summit being held later today in Brussels. The Eurogroup is set to decide whether Greece has satisfied all conditions necessary for securing the second round of bailout funds.
The Swiss Market Index rose by 0.30% Thursday and finished at 6,128.28. The Swiss Leader Index increased by 0.43% and the Swiss Performance Index gained 0.25%.
Adecco was the standout performer of Thursday's session, with a gain of 8.5%. The company reported a profitable fourth quarter and analysts were impressed by the significant increase in its dividend.
The remaining cyclicals turned in a mixed performance Thursday. Holcim was up 3.2% the day after its earnings report. Lonza and Syngenta were also among the positives, with gains of 1.2% each. Among the decliners were shares of Logitech, with a loss of 2.7% and Kuehne + Nagel, which declined by 1.3%.
by RTT Staff Writer
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