Advertisement
Swiss Market Ends Marginally Down After Choppy Session
(RTTNews) - The Switzerland stock market ended marginally down on Wednesday after a choppy session. Worries about inflation and slowing economic growth weighed on sentiment.
The benchmark SMI ended with a loss of 16.02 points or 0.14% at 11,090.22. The index once again moved in a very tight band. It touched a low of 11,068.00 and a high of 11,130.25 in the session.
Novartis and Nestle lost 0.71% and 0.6%, respectively. Swiss Life Holding and Logitech, both ended nearly 0.5% down.
Givaudan, Lonza Group and Sonova gained 0.65% to 0.7%. Geberit, UBS Group, Roche Holding and Swisscom posted modest gains.
In the Mid Price Index, Meyer Burger Tech dropped 4.7%. AMS drifted down 1.8%, while Schindler Holding and Georg Fischer ended lower by 0.8% and 0.7%, respectively.
Tecan Group, Clariant, Adecco, Bachem Holding, Flughafen Zurich, DocMorris, SIG Combibloc and Ems Chemie Holding gained 0.5 to 1%.
According to a report from the Swiss Economic Institute, Switzerland's leading KOF economic barometer fell to 91.1 in August 2023 from a downwardly revised 92.1 in the previous month.
A report from Credit Suisse & CFA Society Switzerland showed, the Swiss investors' sentiment dropped by 6 points from the prior month to reach a five-month low of -38.6 in August of 2023, marking the 18th consecutive negative reading. At the same time, the current conditions index sank by 16.6 points to +13.6.
U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected
U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High
Bay Street Likely To Open On Negative Note
U.S. Producer Prices Inch Up Less Than Expected In May
U.S. Weekly Jobless Claims Unchanged At 248,000
Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India
FTSE 100 Recovers After Weak Start, Up Marginally
