Swiss market closes firmer as investors focus on earnings
The SMI index rose 0.51% to close at 14,552.39. Sika agreed to buy Resonac's adhesive business, with financial terms not disclosed.
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what happened
Swiss stocks struggled for support early on Wednesday but finished firmer as investors kept their attention on corporate earnings. The benchmark SMI gained 74.02 points, or 0.51%, to close at 14,552.39, near the session high.
Straumann Holding led the gains with a rise of more than 2%, while Sandoz Group, Logitech International and SGS added 1.8%, 1.7% and 1.5%. Sika advanced after agreeing to acquire the adhesive business of Japan-based Resonac Corporation; the financial details have not been disclosed. Lindt & Spruengli fell about 1.1%, and Sonova slipped 0.65%.
why it matters
The SMI's gain during the earnings season suggests investors are still supporting Swiss shares, though individual reactions vary widely. The Sika deal is a sign of consolidation in the chemicals sector. Source: TradingView, citing RTTNews and dpa-AFX.
instruments
sources
- Swiss Market Ends On Firm Note — TradingView, 21 October 2026 at 18:22 UTC
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