Swiss Market Ends Notably Lower On Growth Worries
(RTTNews) - The Switzerland stock market ended notably lower on Tuesday after languishing in the red right through the day's session.
Worries about monetary tightening and rising fears about a recession in Europe rendered the mood bearish.
The benchmark SMI ended with a loss of 152.78 points or 1.38% at 10,933.06, slightly off the day's low of 10,921.85.
Roche Holding drifted down by about 2.25% after it launched a digital PCR system that helps clinical researchers better understand the nature of a patient's cancer, genetic disease or infection.
Givaudan, Lonza Group, Novartis, Nestle, Geberit and Sika ended lower by 1.52 to 2.25%. Holcim ended 1.18% down.
Credit Suisse climbed nearly 2.5%. Richemont surged 0.82%.
In the Mid Price Index, Zur Rose pluned 6.7%. Bachem Holding declined 4.35% and SIG Combibloc declined 3.4%. Tecan Group, Kuehne & Nagel and BB Biotech lost 2 to 2.34%.
Galenica Sante, Schindler Holding, Lindt & Spruengli, Sonova and Swiss Prime Site also ended notably lower.
Flughafen Zurich surged 3.3% and Clarian rallied 2.3%. Swatch Group and Dufry posted modest gains.
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