Swiss stocks had a modest gain on Thursday, with the SMI rising 0.36% to 12,624.20. Julius Baer, Holcim, UBS Group, and Swatch Group were top gainers, while Roche Holding and Novartis saw slight losses. Temenos agreed to sell Multifonds for $400 million, boosting its shares. Leonteq AG’s stock plummeted over 11% due to lower earnings. Switzerland’s unemployment rate rose to 3% in January 2025, the highest since May 2021, according to SECO data.

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