Swiss Market Ends Weak After Cautious Session
(RTTNews) - The Switzerland stock market ended weak on Friday after swinging between gains and losses in a tight band amid cautious moves by investors.
The benchmark SMI ended with a loss of 26.34 points or 0.24% at 11,128.24. The index touched a low of 11,110.80 and a high of 11,178.04 in the session.
Alcon drifted down 2.62% and Lonza Group ended lower by 2.36%. Sika, Novartis and Swisscom closed down by 1.1 to 1.2%. Geberit, SGS and Richemont lost 0.8 to 1%.
Roche Holding gained 1.56%. The drug maker announced it has received approval from the U.S. FDA for its Xofluza drug to treat influenza in children.
Credit Suisse climbed about 1.8%. UBS Group advanced 1.2%, Swiss Re gained 0.8% and Swiss Life Holding moved up 0.6%, while Holcim and Givaudan closed with modest gains.
In the Swiss Mid Price Index, Temenos Group, Galenica Sante, Kuehne & Nagel, Lindt & Spruengli Part, Lindt & Spruengli N, VAT Group, SIG Combibloc, Schindler Holding, Tecan Group and Schindler Ps lost 2 to 3.5%.
Bachem Holding rallied 2.75%. Adecco, Clariant and Georg Fischer ended modestly higher.
Canadian Dollar Falls Against Euro
Swiss Stock Market Extends Losing Streak
European Shares End Under Water On Friday
FTSE 100 Lags In Global Stocks Rally
UK Economy Unexpectedly Shrinks In October
CAC 40 Extends Gains
Pound Slides As U.K. Economy Shrinks
