Swiss Market Ends Flat; Lonza Plunges Sharply
(RTTNews) - After swinging between gains and losses, the Switzerland market ended flat on Friday, as investors were quite reluctant to make significant moves amid a lack of triggers.
The benchmark SMI, which climbed to 11,246.30 at the start, ended the session with a small gain of 5.83 points or 0.05% at 11,207.38, about 40 points off the day's low.
Lonza Group shares plunged more than 11% as the contract drug manufacturer lowered its 2023 sales and earnings targets after posting mixed first-half results.
Givaudan ended 2.5% down. Kuehne & Nagel and Sonova lost 0.5% and 0.3%, respectively, while Swisscom edged down marginally.
Partners Group and Richemont moved up 1.77% and 1.53%, respectively. Zurich Insurance Group gained 1% and ABB ended nearly 1% up. Swiss Re, Logitech, Nestle, Geberit and UBS Group posted modest gains.
In the Mid Price Index, Georg Fischer, Bachem Holding, SGS and Straumann Holding lost 2 to 3%.
Julius Baer, AMS, Dufry, Lindt & Spruengli, Barry Callebaut, Meyer Burger Tech and SIG Combibloc also ended notably lower.
European Shares Drift Lower Ahead Of US Inflation Reading
Antipodean Currencies Rise As Traders Await U.S. PCE Inflation Data
Asian Shares Mixed Ahead Of US PCE Inflation Data
NZ Dollar Advances Against Majors
Australian Dollar Rises Against Majors
European Shares Seen Mostly Lower Before US Inflation Data
Sensex, Nifty Struggle For Direction In Early Trade
