Swiss Market Ends Flat; Lonza Plunges Sharply
(RTTNews) - After swinging between gains and losses, the Switzerland market ended flat on Friday, as investors were quite reluctant to make significant moves amid a lack of triggers.
The benchmark SMI, which climbed to 11,246.30 at the start, ended the session with a small gain of 5.83 points or 0.05% at 11,207.38, about 40 points off the day's low.
Lonza Group shares plunged more than 11% as the contract drug manufacturer lowered its 2023 sales and earnings targets after posting mixed first-half results.
Givaudan ended 2.5% down. Kuehne & Nagel and Sonova lost 0.5% and 0.3%, respectively, while Swisscom edged down marginally.
Partners Group and Richemont moved up 1.77% and 1.53%, respectively. Zurich Insurance Group gained 1% and ABB ended nearly 1% up. Swiss Re, Logitech, Nestle, Geberit and UBS Group posted modest gains.
In the Mid Price Index, Georg Fischer, Bachem Holding, SGS and Straumann Holding lost 2 to 3%.
Julius Baer, AMS, Dufry, Lindt & Spruengli, Barry Callebaut, Meyer Burger Tech and SIG Combibloc also ended notably lower.
Swiss Market Ends On Buoyant Note
European Stocks Rally On Oil Decline, Diplomatic Optimism
U.S. Stocks Up Firmly; Tech Stocks Rally On Renewed Optimism Surrounding AI
Canadian Stocks Mixed In Cautious Trade
Yen Slides Against Majors
U.S. Dollar Falls Against Majors
Bay Street Likely To Open On Positive Note
