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Swiss Market Ends Weak For 2nd Straight Day

2024-12-29iFOREXiFOREX
The Switzerland market ended weak on Friday, extending losses from the previous session, amid political tensions in Europe, and continued uncertainty about interest rates.
Swiss Market Ends Weak For 2nd Straight Day

(RTTNews) - The Switzerland market ended weak on Friday, extending losses from the previous session, amid political tensions in Europe, and continued uncertainty about interest rates.

The benchmark SMI, which spent a few minutes in positive territory early on in the session, ended with a loss of 51.40 points or 0.42% at 12,044.59, more than 60 points off the day's low of 11,981.82.

Logitech International, down 3.05%, was the biggest loser among large cap stocks. Sika ended down 2.7%. SGS, Swatch Group and Partners Group lost 1.94%, 1.83% and 1.79%, respectively.

SIG Group, Holcim, ABB, Julius Baer, VAT Group, Swiss Re, Alcon, Straumann Holding, Sonova and Geberit lost 1.4 to 1.6%. UBS Group, Givaudan, Sandoz Group and Kuehne & Nagel also ended notably lower.

Clariant ended down by 3.2%. Adecco drifted down nearly 3%. Georg Fischer closed nearly 2% down.

Lindt & Sprengli climbed 1.42%. Novartis and Roche gained 0.8% and 0.73%, respectively.

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