The Swiss stock market finished slightly higher on Friday. Shares were able to stabilize following a sharp sell-off during the previous session, though a strong franc created a headwind for the market.
After setting a new annual low early in the session, the benchmark SMI finished the day higher by 0.12 percent to close at 5,998.02. The index lost 2.4 percent for the week as a whole. The SLI ticked up 0.02 percent to 929.1. The SPI advanced 0.07 percent to end at 5,514.85.
Luxury goods makers Swatch and Richemont were higher on the day, with gains of 1.7 percent and 1.2 percent, respectively. A Swatch executive told a newspaper that the company's figures were "phenomenal" though the strong franc is causing a "stomach ache."
Weatherford and Transocean were also among the day's notable gainers. The stocks were helped by the sharp recovery in oil prices after a decline the previous day.
Banking stocks were generally weak. CS declined 1.3 percent and UBS posted a modest decline.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.