Advertisement
Swiss Market Ends Marginally Up
(RTTNews) - The Switzerland stock market ended slightly up on Friday after a choppy ride, as investors largely refrained from making significant moves amid a lack of fresh triggers.
The benchmark SMI ended with a small gain of 10.47 points or 0.09% at 11,168.03. The index, which climbed to 11,140.38 in early trades, touched a low of 11,188.29 around mid morning.
Credit Suisse shares plunged 6.6% after the lender issued another profit warning, predicting a fourth-quarter pre-tax loss of up to $1.6 billion.
The bank also announced details of a bid to raise capital amid concerns over customers withdrawing funds.
Partners Group shed 2.28%, Richemont lost about 1%, while Logitech and Lonza Group both ended nearly 1% down.
Novartis climbed 1.12% and Roche Holding ended nearly 1% up. Holcim advanced 0.78% and Zurich Insurance Group gained 0.4%.
Among the stocks in the Swiss Mid Price Index, Zur Rose tanked 8.2%. Swatch Group ended 2% down, while SGS, AMS and Straumann Holding closed lower by 1.6%, 1.4% and 1%, respectively.
Bachem Holding, Galenica Sante and Schindler Holding closed notably higher.
On the economic front, data released by Swiss Federal Statistical Office showed Switzerland's non-farm payrolls rose 2.2% year-on-year to 5.362 million in the third quarter of 2022, following a 3.2% advance in the previous quarter.
Malaysia Shares May Hand Back Friday's Gains
Japan Stock Market May Extend Friday's Losses
South Korea Shares May Extend Losing Streak
Japan Monetary Base Data Due On Monday
U.S. Dollar Falls As Weak Jobs Data Lifts Rate Cut Hopes
European Stocks Close Sharply Lower As Trump's Tariff Move Hurts Sentiment
Canadian Market Remains Firmly Down In Negative Territory On Tariff Worries
