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Swiss Market Ends Notably Lower
(RTTNews) - The Switzerland stock market ended weak on Wednesday, in line with the trend across Europe, as worries about geopolitical tensions and rising inflation in the Euro area rendered the mood bearish.
The benchmark SMI ended with a loss of 89.60 points or 0.81% at 10,936.62.
Partners Group drifted down 5.73%. Sika, Geberit, Credit Suisse and Logitech ended lower by 3.66% to 3.95%.
Lonza Group and Givaudan lost about 3% and 2.8%, respectively. ABB, Richemont, Sonova, Holcim, Swiss Re and UBS Group shed 1 to 2%.
Alcon rallied more than 5%. Zurich Insurance Group gained 2.05% after announcing more ambitious financial targets for the next three years. Nestle ended modestly higher.
In the Mid Price Index, AMS lost more than 6%. VAT Group, Zur Rose, Schindler Holding, Temenos Group, Bachem Holding and SGS lost 4 to 5.2%.
Schindler Ps, Ems Chemie Holding, SIG Combibloc, Georg Fischer and Straumann Holding also declined sharply.
Lindt & Spruengli, Barry Callebaut and Tecan Group gained 0.5 to 0.82%.
Canadian Dollar Eases Against Most Majors
Swiss Market Ends Sharply Lower
European Stocks Close Weak As Trade War Fears Hurt Sentiment
Canadian Market Remains Weak On Tariff Concerns
Bay Street Likely To Open Lower
Pound Falls As U.K. Economy Contracts For Second Straight Month
Wall Street Likely To Open On Weak Note
