(RTTNews) - The Switzerland market's benchmark index SMI closed on a firm note on Thursday after staying positive throughout the session, as oil prices and bond yields dropped following a rate hike by the Federal Reserve and hopes that the central bank will strive to rein in inflation. The SMI ended the day with a gain of 78.65 points or 0.57% at 13,947.31 after moving between 13,876.65 and 13,982.98. Helvetia Baloise Holding moved up 5.3%. Sandoz Group climbed 3.3%, Galderma Group gained nearly 2.5% and Logitech International ended 2.4% up. ABB, Novartis, VAT Group, Swiss Life Holding, Lonza Group, Sonova, Julius Baer and Sika gained 1%-1.7%. Nestle, Givaudan, Lindt & Spruengli, Zurich Insurance and Schindler Ps also ended notably higher.
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