Swiss Market Ends Moderately Lower
(RTTNews) - The Switzerland stock market ended moderately lower on Wednesday as worries about inflation and interest rates weighed on sentiment.
Weak industrial and retail sales data from China hurt as well.
The benchmark SMI ended with a loss of 82.09 points or 0.71% at 11,437.78, after moving between 11,432.25 and 11,497.31.
Givaudan ended 3.74% down. Lonza Group and Zurich Insurance Group ended lower by 2.78% and 2.52%, respectively.
Swisscom ended 1.61% down, and Novartis drifted down 1.56%. Nestle, Sika, Swiss Life Holding, Sonova and Partners Group ended lower by 0.7 to 1%.
Credit Suisse climbed 1.8%. UBS Group advanced 1.05%, and ABB shed 0.61%.
In the Mid Price Group, DocMorris fell 7.45%. Tecan Group drifted down 2.9%, while Lindt & Spruengli, PSP Swiss Property, Barry Callebaut, Bachem Holding, Ems Chemie Holding, Georg Fischer, Swatch Group, Swiss Prime Site, Belimo Holding, Clariant and Kuehne & Nagel lost 1 to 2.2%.
Flughafen Zurich surged 1.3%. Dufry gained 0.82%, while Galenica Sante and Helvetia gained 0.66% and 0.55%, respectively.
Swiss Market Ends Moderately Lower
European Markets Close Weak After Cautious Session
Canadian Market Down More Than 0.5% On Profit Taking
U.S. New Home Sales Pull Back From Upwardly Revised Level In July
Bay Street May Open On Weak Note
Dollar Extends Losses Amidst Powell's Dovish Surprise
German Ifo Business Confidence Strongest Since 2024
