Swiss Market Ends Moderately Lower
(RTTNews) - The Switzerland market recovered and moved into positive territory after a weak start Monday morning, but retreated soon and spent the rest of the day's session in negative territory.
The benchmark SMI, which advanced to 12,355.26, ended the session with a loss of 64.89 points or 0.53% at 12,261.87, about 10 points off the day's low of 12,251.99.
SGS and VAT Group ended down by about 2.3% and 2.2%, respectively. UBS Group shares ended down 1.55% after the lender agreed to sell Credit Suisse's 50% interest in credit card company Swisscard to joint venture partner American Express for undisclosed terms.
Swiss Re, Kuehne + Nagel, Lonza Group, UBS Group, Lindt & Spruengli, Straumann Holding, Givaudan, Geberit, Adecco and Sika lost 1 to 2%.
Shares of biopharmaceutical company Relief Therapeutics soared nearly 16% after an announcement that the firm has received a notice of allowance from the European Patent Office for its proprietary hypochlorous acid solutions.
Sandoz Group climbed 4.62%. Swatch Group gained about 1.25%, while Logitech International and Nestle gained 0.87% and 0.44%, respectively.
Swiss Market Ends Marginally Down
European Stocks Close Broadly Higher
Powell Warns There's 'No Risk-Free Path' For Interest Rates
Hungary Holds Rates Steady As Inflation Expected To Remain High
Bay Street Likely To Post New Highs
Wall Street Likely To Open Flat
Sweden Cuts Policy Rate By 25 Bps
