Swiss Market Ends On Weak Note
(RTTNews) - After swinging between gains and losses till the penultimate hour of the day's session, Swiss stocks ended on a weak note on Tuesday as selling intensified a bit in the closing minutes.
The benchmark SMI ended with a loss of 41.10 points or 0.36% at 11,506.04, nearly 20 points off the session's low of 11,486.67.
Swiss Re and Lonza Group lost 2.44% and 2.29%, respectively. Holcim ended down 1.64%, Alcon closed lower by 1.42% and UBS Group ended 1.28% down. According to Bloomberg News, UBS is contemplating whether to acquire complete ownership of its China platform by engaging in a stake swap deal with a Beijing government investment fund.
Zurich Insurance Group, Richemont, Geberit, Kuehne & Nagel and Logitech International lost 0.6 to 1%.
Roche Holding gained nearly 1%. Swisscom, Nestle and Sonova posted modest gains.
In the Mid Price index, Avolta, PSP Swiss Property, Adecco, Clariant, Georg Fischer, Belimo Holding, Helvetia and Temenos Group lost 0.8 to 1.7%.
Meyer Burger Tech gained about 5.3%. ams OSRAM AG, BKW and Straumann Holding gained 1 to 1.5%.
European Shares Mostly Lower In Lackluster Trade
Asian Shares Follow Wall Street Higher Amid Fed Cut Bets
Antipodean Currencies Rise Amid Risk-On Mood
NZ Dollar Advances Against Most Majors
Australian Dollar Rises Against Majors
European Shares Seen Opening Up On Fed Rate Cut Hopes
Sensex, Nifty Open Higher On Trade Deal Hopes
