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Swiss Market Ends On Weak Note; Pharma Stocks Among Major Losers
(RTTNews) - The Switzerland market ended notably lower on Friday after languishing in negative territory right through the day's session.
The benchmark SMI ended with a loss of 98.86 points or 0.8% at 12,193.86.
Novartis ended nearly 3% down. Lonza Group lost nearly 2%, while Roche Holding and Sonova ended lower by 1.45% and 1.08%, respectively.
Nestle, Sandoz Group and Straumann Holding lost 0.8 to 1%, while Julius Baer, Logitech International, Givaudan, Richemont and Sika ended down 0.25 to 0.6%.
VAT Group shares gained more than 4%. Swiss Re and SIG Group climbed 1.53% and 1.25%, respectively. Swisscom, Schindler Ps, SGS, Kuehne + Nagel and Adecco gained 0.5 to 1.2%.
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