With the help of heavy traders in the pharmaceutical and food sector, the Swiss stock exchange has reached a new record on Tuesday, as Tages Anzeiger writes. The leading SMI rose by almost 0.7% to 9636 points. This is the highest value since its introduction more than 30 years ago.
The issue price of Stadler Rail is 38 francs
After last week's profits, investors are increasingly resorting to overly safe values like Novartis, Roche or Nestle.
Development of SMI since 1988. Diagram: Finance and Economics (fuw.ch)
The biggest winners were the Lonza titles plus four percent. Pharmaceutical companies Roche and Novartis rose 1.6 and 1.2% respectively. Nestle also recorded a plus.
Losers, on the other hand, have included financial names like Credit Suisse or UBS.