Business · Markets · 2 days ago
Swiss stocks rise 1.1% as UBS leads gains
Swiss stocks ended Friday higher, the last trading day before the weekend.
The SMI, a leading index of Swiss shares, gained 1.1% to 13,787 points, while the broader SPI rose 1.0% to 19,534.
UBS had the biggest gain in the SMI, rising 2.8%, while Logitech fell 2.5% and was the index’s only loser.
Roche and Novartis also rose, and Roche received support after US regulators approved its Tecentriq treatment for a form of colon cancer.
Telecom shares Swisscom and Sunrise fell as investors reacted to SpaceX’s plans to offer mobile services using satellite links.
US stocks also edged higher as oil prices fell, but investors remained cautious ahead of major US banks’ quarterly results next week.
Those results may offer clues about demand for loans and the state of the US economy.
The Swiss Market Index rose 1.1% to 13,787 points on the last trading day before the weekend.
UBS led gains among SMI stocks, rising 2.8%.
The broader Swiss Performance Index gained 1.0% to 19,534 points.
Logitech was the only SMI decliner, falling 2.5%.
Roche and Novartis also rose, while telecom stocks came under pressure.
- Who
- Swiss stocks, led by UBS, rose.
- What
- The SMI gained 1.1% and the SPI rose 1.0%.
- When
- Friday, the last trading day before the weekend; the article was published on 9 October 2026.
- Where
- Switzerland’s stock market.
- Why
- The article points to possible bargain hunting in economically sensitive stocks and gains in pharmaceutical heavyweights, but does not state one overall cause.
This story does not have two clearly opposing sides.
The banks are a good indicator of how credit demand is developing and what the general economic situation is.
That also gives us information about what the US Federal Reserve may do.
The SMI rose 1.1% and the SPI gained 1.0% on the last trading day before the weekend.
The SMI stood at 13,787 points and the SPI at 19,534 points.
- SMI
- Up 1.1% to 13,787 points
- SPI
- Up 1.0% to 19,534 points
- UBS
- Rose 2.8%, the strongest gain among SMI stocks
- Logitech
- Fell 2.5%, the only SMI decliner
- Swisscom
- Fell 2.3%
- Sunrise
- Fell 2.9%
Sources
Related news
Braunwald ski lifts remain closed after takeover offer goes unanswered
Opinion warns tougher UBS capital rules could prompt it to leave Switzerland
Sustainable finance struggles to direct funds toward climate solutions
Migros adds Dallmayr coffee to its Coffee B system
Sunrise job cuts could affect up to 450 positions across Switzerland
Inheritance dispute over Esther Grether’s 2.3 billion francs
French debt concerns renew demand for the Swiss franc as a safe haven
Crans-Montana fire investigation report delayed until at least January 2027
Sunrise plans hundreds of job cuts at its headquarters as AI use grows
Swiss couple’s monthly budget sparks debate over money left after bills
Hackers accessed 890,000 Ricardo user accounts
