Swiss Market Ends Flat; Lonza Plunges Sharply
(RTTNews) - After swinging between gains and losses, the Switzerland market ended flat on Friday, as investors were quite reluctant to make significant moves amid a lack of triggers.
The benchmark SMI, which climbed to 11,246.30 at the start, ended the session with a small gain of 5.83 points or 0.05% at 11,207.38, about 40 points off the day's low.
Lonza Group shares plunged more than 11% as the contract drug manufacturer lowered its 2023 sales and earnings targets after posting mixed first-half results.
Givaudan ended 2.5% down. Kuehne & Nagel and Sonova lost 0.5% and 0.3%, respectively, while Swisscom edged down marginally.
Partners Group and Richemont moved up 1.77% and 1.53%, respectively. Zurich Insurance Group gained 1% and ABB ended nearly 1% up. Swiss Re, Logitech, Nestle, Geberit and UBS Group posted modest gains.
In the Mid Price Index, Georg Fischer, Bachem Holding, SGS and Straumann Holding lost 2 to 3%.
Julius Baer, AMS, Dufry, Lindt & Spruengli, Barry Callebaut, Meyer Burger Tech and SIG Combibloc also ended notably lower.
Japanese Market Notably Lower
Additional Support Predicted For Indonesia Shares
Australian Market Slightly Lower
Hong Kong Shares May Stop The Bleeding On Friday
Higher Open Called For China Stock Market
Rebound Anticipated For Taiwan Stock Market
Japan Retail Sales Add 0.3% In July
