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Swiss Market Ends Moderately Lower
(RTTNews) - After spending a few minutes in positive territory in early trades, the Switzerland stock market faltered and stayed weak right through the day's session on Monday.
The benchmark SMI ended with a loss of 65.16 points or 0.64% at 10,072.62 after scaling a low of 10,015.37 and a high of 10,160.89 intraday.
Swiss Life Holding dropped nearly 3%. Swiss Re drifted down 2.65%. Alcon, Zurich Insurance Group and Swisscom lost around 1.5%.
Roche Holding and Lonza Group ended lower by 1.1% and 0.9%, respectively. Credit Suisse, Nestle and Novartis shed 0.5%.
Geberit advanced 0.8%. UBS Group and Richemont gained 0.5% and 0.4%, respectively. Givaudan and ABB closed marginally up.
In the Swiss Mid Price Index, PSP Swiss Property ended more than 4% down. Swiss Prime Site lost 3.25%, while Baloise Holding, Roche Holding and Helvetia declined 2 to 2.5%.
Belimo Holding climbed more than 8.5%. AMS surged 2.5%. SGS and Galenica Sante both moved up by about 1.7%. Bachem Holding, Georg Fischer and Temenos Group also closed on a firm note.
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