Swiss Market Ends Slightly Lower

The Switzerland market ended marginally down on Tuesday after a choppy session as investors refrained from making significant moves ahead of crucial economic events in the U.S. and Europe.

The benchmark SMI, which moved between 11,447.89 and 11,504.02, ended with a loss of 14.06 points or 0.12% at 11,463.74.

Kuehne & Nagel ended nearly 2% down. Lonza Group and Partners Group both settled lower by about 1.75%. Logitech International drifted down 1.59%.

Sika, ABB, Alcon, Holcim, Richemont and Geberit ended lower by 0.6 to 1.2%.

Zurich Insurance Group gained 1.01%. Swiss Re, Swiss Life Holding, Roche Holding, UBS Group and Novartis lost 0.4 to 0.6%.

In the Mid Price Index, VAT Group dropped nearly 6%. Meyer Burger Tech and Sandoz both ended down by about 4.8%. Clariant ended down 2.7%.

Schindler Ps, Schindler Holding, Ems Chemie Holding and Galenica Sante also ended notably lower.

SGS and BKW gained 2.7% and 2.4%, respectively. SIG Combibloc, Adecco and ams OSRAM AG advanced 1.2 to 1.6%.

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