Swiss Market Ends Marginally Up After Choppy Ride
(RTTNews) - After a weak start, the Switzerland stock market struggled around mid morning on Tuesday, and despite emerging higher, faltered again by mid afternoon before managing to end the day's session on a slightly positive note.
The benchmark SMI ended with a small gain of 8.97 points or 0.09% at 10,391.16, after scaling a low of 10,352.12 and a high of 10,415.60 intraday.
On the economic front, preliminary data from the Federal Statistical Office showed retail sales in Switzerland fell for a third straight month in September, but the pace of decline slowed sharply.
Retail sales adjusted for inflation as well as sales days and holidays fell 0.6% year-on-year in September following a 2.2% decline in August and a 2.7% drop in July. Economists had forecast a 1.9% decrease.
Sales grew 0.8% from the previous month. On a month-on-month basis, food sales grew 0.2% and non-food sales rose 1.1%.
Sonova and Alcon, both gained about 2.7%. Richemont rallied 2.05%. Logitech, ABB and Lonza Group gained about 1.7% each.
Sika, Swiss Life Holding, Kuehne & Nagel, Swisscom and Givaudan gained 1.1 to 1.3%. Swiss Re ended nearly 1% up.
Roche Holding ended more than 3% down. UBS Group and Novartis edged down marginally.
In the Mid Price Index, Temenos Group, Straumann Holding and AMS gained 3 to 3.7%. SIG Combibloc rallied 2.4% and Schindler Ps climbed 2.1%.
Adecco, Ems Chemie Holding, Tecan Group, Schindler Holding, Clariant, Swiss Prime Site and Belimo Holding advanced 1.5 to 1.7%.
Eurozone Economic Confidence Weakens In August
Walgreen Co. Now Operating As Private Standalone Company Under Sycamore Partners
U.S. Economy Surges More Than Previously Estimated In Q2
U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates
Switzerland Logs Weaker Growth, Trims 2026 Outlook
U.S. GDP Jumps More Than Previously Estimated In Q2
U.S. Weekly Jobless Claims Edge Down To 229,000
