Switzerland's benchmark SMI closed firm on Thursday, gaining 0.65% to 11,869.90, reversing earlier declines on strong buying support. This positive market performance was significantly bolstered by first-quarter GDP data revealing an acceleration to 0.5% quarter-on-quarter, surpassing the 0.3% expectation, driven by robust private consumption and a rebound in equipment investment. Key constituents like Nestle and ams OSRAM AG saw notable gains.
The Swiss Market Index (SMI) demonstrated a significant intraday reversal, closing with a 0.65% gain at 11,869.90 after spending much of the session in negative territory. The primary catalyst for this shift was stronger-than-expected macroeconomic data, with first-quarter GDP growth accelerating to 0.5% quarter-on-quarter, substantially beating the 0.3% consensus forecast and the previous two quarters' 0.3% expansions. This economic surprise, driven by robust private consumption and a rebound in equipment investment, fueled strong buying support in the latter half of the session. The market's advance was led by notable gains in key constituents, including Nestle (+3.25%) and ams OSRAM AG (+4.0%). However, the rally was not uniform, as indicated by significant declines in stocks like Georg Fischer (-3.6%) and Clariant (-3.27%), suggesting that positive sentiment was not universally applied across all sectors.
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strongly positive
Sentiment Score
0.65
Ticker Sentiment
