Swiss Market Ends Modestly Lower
(RTTNews) - Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
The benchmark SMI ended with a loss of 31.62 points or 0.26% at 12,187.58. The index touched a low of 12,158.21 and a high of 12,238.86 in the session.
VAT Group ended down 2.83%. Swatch Group closed 2.03% down, while Kuehne + Nagel, Julius Baer, Partners Group, Schindler Ps, ABB, Logitech International, Sika and Richemont lost 1 to 1.7%.
Geberit, Swiss Life Holding, Straumann Holding, SIG Group and UBS Group also ended weak.
Lindt & Spruengli gained about 1.1%. Zurich Insurance, Sonova, Nestle and Swisscom climbed 0.6 to 0.85%. Adecco and Amrize posted modest gains.
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