The Switzerland stock market ended notably lower on Tuesday after languishing in negative territory right through the day's session. Rising concerns about global economic slowdown weighed on sentiment.
The Switzerland stock
market ended notably lower on Tuesday after languishing in negative territory
right through the day's session.
Rising concerns about
global economic slowdown weighed on sentiment.
The benchmark SMI ended
with a loss of 94.69 points or 0.86% at 10,958.90. The index touched a low of
10,953.57 and a high of 11,024.57.
Sika ended down 2.3%. Sonova, Richemont, Roche Holding, Novartis, Geberit, Holcim and Nestle lost 1.2 to 1.9%.
Givaudan, ABB and
Swisscom ended lower by 0.9 to 1%.
Partners Group rallied
more than 6.5%. Logitech gained about 1.5%, while Swiss Re, Swiss Life Holding
and Zurich Insurance Group ended higher by 0.85%, 0.47% and 0.29%,
respectively.
In the Mid Price Index,
Temenos Group drifted down 3.16%, Bachem Holding lost 2.28% and Clariant
declined 2.09%.
AMS, Straumann Holding, Dufry, SIG Combibloc, Flughafen Zurich, Schindler Ps and Tecan Group dropped 1 to 1.3%.
DocMorris climbed 5.4%.
Baloise Holding ended higher by 1.3%, while Belimo Holding and Helvetia gained
0.78% and 0.52%, respectively.