India, Jan. 18 -- After opening on a negative note, the Switzerland market quickly emerged into positive territory Thursday morning and stayed higher till the end of the day's session to close with modest gains.
The benchmark SMI, which dropped to 11,088.62 in early trades, ended the day with a gain of 37.32 points or 0.33% at 11,185.88.
Richemont soared nearly 10.5% as demand for the company's jewellery brands, including Cartier and Van Cleef, gave the group a boost over the Christmas period against a challenging backdrop for the luxury sector.
Sales increased 8% year-on-year at constant exchange rates for the three months ending December 31, 2023, reaching €5.6 billion ($6.1 billion) and beating analyst expectations, the company ...