Swiss Market Ends Modestly Lower
(RTTNews) - After a flat start, the Switzerland stock market edged down on Monday morning, and despite very nearly making it to positive territory around mid-morning, turned weak again and eventually ended the day's session modestly lower.
The mood was cautious amid a lack of economic data from the European region. Investors looked ahead to earnings and economic updates from the U.S. for direction.
The benchmark SMI ended with a loss of 31.10 points or 0.27% at 11,311.76.
Credit Suisse tumbled 4.44%. Swiss Re, UBS Group and Partners Group lost 3.88%, 3.8% and 3.39%, respectively.
Richemont drifted down by about 2.25%, while Swiss Life Holding and Alcon lost 1.67% and 1.46%, respectively. Zurich Insurance Group ended lower by 1.23%.
Logitech climbed 1.53% and Holcim surged 1%. Geberit and Novartis both gained about 0.75%, while Lonza Group, Sonova, Nestle, ABB and Swisscom gained 0.5 to 0.6%.
In the Mid Price Index, Julius Baer lost more than 5.5%. Helvetia drifted down 3.1%, while Baloise Holding and VAT Group closed lower by 1.82% and 1.35%, respectively.
Kuehne & Nagel and Belimo Holding both gained more than 3%. Georg Fischer, Galenica Sante, Swiss Prime Site, Clariant, Barry Callebaut, Adecco and Schindler Holding advanced 1 to 2%.
TSX Down Marginally In Lackluster Trade
Swiss Market Settles Flat
European Markets Close On Mixed Note After Cautious Session
Dollar Extends Losses As Markets Cling On To Fed Cut Hopes
U.S. Homebuilder Confidence Edges Slightly Lower In August
Indian Rupee Rises To 2-week High On GST Reforms Push
Canadian Market May Open Slightly Weak
