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Swiss Market Ends Modestly Lower
(RTTNews) - The Switzerland stock market recovered after a sluggish start on Friday, but after staying positive till a little past mid afternoon, slipped into negative territory to eventually end the session modestly lower.
The mood was cautious amid concerns about the impact of interest rate hikes on global economic growth.
The benchmark SMI ended the session with a loss of 24.06 points or 0.23% at 10,451.31. The index touched a low of 10,424.81 and a high of 10,592.12 in the session.
ABB declined 2.5%. Richemont and Givaudan both ended nearly 2% down. SGS ended 1.4% lower, while Holcim and Zurich Insurance Group both ended lower by nearly 1%.
Credit Suisse, Lonza Group and Logitech gained 1.9 to 2.03%. Partners Group, Alcon and Geberit moved up 1.7%, 1.6% and 1.3%, respectively.
In the Mid Price Index, Swatch Group, Sonova, Ems Chemie Holding and Kuehne & Nagel lost 1.2 to 2%.
BB Biotech rallied 5.7%, Temenos Group gained 4.25% and Zur Rose advanced nearly 4%. AMS and Straumann Holding surged up 3.1% and 2.5%, respectively. Georg Fischer, Dufry, SIG Combibloc and Galenica Sante were among the other prominent gainers.
Australian Market Slightly Lower
Little Movement Seen For Japan Stock Market
Japan Rate Decision On Tap For Thursday
Canadian Dollar Extends Gain Against Majors
Pound Falls Against Most Majors
Swiss Market Ends On Positive Note
Major European Markets Close Higher As Investors React To Earnings, Economic Data
