1123 GMT - The Swiss Market Index reached an all-time high on Monday, surpassing the 13,000-point mark for the first time in its history. KitKat bars maker Nestle and flavor-and-fragrance company Givaudan helped lift the blue-chip index, which also got a boost from positive news from neighboring Germany, where election results pointed to a business-friendly environment that would kickstart economic growth after a couple of slack years. Luxury goods conglomerate Richemont, banking giant UBS and pharma major Roche are some of the Swiss companies that have delivered exceptional market performance so far this year, contributing to the index reaching an all-time high. (maitane.sardon@wsj.com)
(END) Dow Jones Newswires
February 24, 2025 06:24 ET (11:24 GMT)
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