Swiss Market Ends Moderately Lower
(RTTNews) - The Switzerland market recovered and moved into positive territory after a weak start Monday morning, but retreated soon and spent the rest of the day's session in negative territory.
The benchmark SMI, which advanced to 12,355.26, ended the session with a loss of 64.89 points or 0.53% at 12,261.87, about 10 points off the day's low of 12,251.99.
SGS and VAT Group ended down by about 2.3% and 2.2%, respectively. UBS Group shares ended down 1.55% after the lender agreed to sell Credit Suisse's 50% interest in credit card company Swisscard to joint venture partner American Express for undisclosed terms.
Swiss Re, Kuehne + Nagel, Lonza Group, UBS Group, Lindt & Spruengli, Straumann Holding, Givaudan, Geberit, Adecco and Sika lost 1 to 2%.
Shares of biopharmaceutical company Relief Therapeutics soared nearly 16% after an announcement that the firm has received a notice of allowance from the European Patent Office for its proprietary hypochlorous acid solutions.
Sandoz Group climbed 4.62%. Swatch Group gained about 1.25%, while Logitech International and Nestle gained 0.87% and 0.44%, respectively.
Bay Street Likely To Open Slightly Higher
U.S. Dollar Extends Rise Amid Fed Chair Powell Comments
FTSE 100 Modestly Lower In Cautious Trade
CAC 40 Drifts Lower On Valuation Concerns, Rate Uncertainty
Sensex, Nifty Extend Declines For Fourth Day
U.S. Dollar Rises Against Majors
German Ifo Business Confidence At 4-Month Low
