Swiss Market Ends Weak For 2nd Straight Day
BRUSSELS (dpa-AFX) - The Switzerland stock market ended notably lower on Tuesday, extending losses from previous session, after staying weak right through the day, in line with the trend seen across the European region.
The benchmark SMI, which dropped to a low of 19,932.85, ended the session with a loss of 134.35 points or 1.21% at 10,989.32.
On Monday, the index ended with a loss of 49.90 points or 0.45%.
UBS Group shares declined 3.2%. LafargeHolcim, Swiss Life Holding, Sika, Geberit, Swiss Re, Givaudan, Zurich Insurance Group and Richemont ended lower by 1.7 to 2.4%.
Lonza Group, Swatch Group, Credit Suisse, ABB and Roche Holding also ended notably lower. Novartis and Nesle too closed weak, while Swisscom edged up marginally.