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Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Name | Symbol | Market | Type |
|---|---|---|---|
| Swatch Group AG (PK) | USOTC:SWGAY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.13 | -1.31% | 9.80 | 9.79 | 9.95 | 10.05 | 9.79 | 10.01 | 107,753 | 21:02:13 |
From Jul 2019 to Jul 2024
Shares in Swatch Group AG (UHR.VX) surged Wednesday after Chairwoman Nayla Hayek said she saw no slowdown in China, one of its crucial markets.
Shares in the world's largest watchmaker have slumped nearly 20% in the last two weeks amid fears about weaker consumer demand in China, but gained nearly 6% after the comments.
"I believe that as usual the movement in our share price is linked to speculation and hysteria about the euro. For the moment we do not see any difference in growth in China," Hayek told Reuters news agency Wednesday.
Shares in luxury rival Compagnie Financiere Richemont (CFR.VX) also benefited from the positive outlook, with its shares gaining more than 4%.
A trader said: "There had been some fears about the Far East, which is really important to the luxury players, but this has helped calm some of them."
At GMT 1512, Swatch shares traded up 5.4% at CHF318.4, while Richemont traded up 4.3% at CHF42.45 on the Swiss SMI index, which was up 1.2%.
-Zurich Bureau, Dow Jones Newswires; +41 43 443 8040; zurichdjnews@dowjones.com
1 Year Swatch (PK) Chart |
1 Month Swatch (PK) Chart |
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