Swiss Market Ends Lower Again
(RTTNews) - The Switzerland market ended on a weak note on Tuesday, in line with market across Europe, as uncertainty over U.S. - EU trade talks and a lack of positive data rendered the mood cautious.
The benchmark SMI closed down 43.07 points or 0.36% at 11,893.82, settling lower for a second straight session. The index touched a low of 11,843.78 and a high of 11,919.57 in the session.
Lindt & Spruengli tumbled more than 7%. The chocolate maker reported a sharp 13.3% decline (y-o-y) in first half net income to CHF 188.9 million and a 11.3% drop in EBIT to CHF 259.2 million.
Givaudan ended 5.47% down. The group reported a net income of CHF 592 million in the first-half, compared with CHF 588 million a year ago. Sales were up at CHF 3.86 billion, from CHF 3.74 billion a year ago. Operating cash flow plunged 41.9% over the period to 248 million francs.
VAT Group, Partners Group, Julius Baer and ABB lost 2 to 2.6%. Adecco ended 1.8% down, and Sika closed lower by 1.33%.
Lonza Group, Logitech International, Straumann Holding, Zurich Insurance, Kuehne + Nagel, Swiss Re, SIG Group and Geberit settled lower by 0.6 to 1.2%.
Swatch Group climbed 3.13%. Sandoz Group ended nearly 1% up. Swisscom, Novartis, Nestle and UBS Group gained 0.6 to 0.75%.
Asian Markets Trade Mostly Higher
Indian Shares Seen Little Changed At Open
Thai Stock Market Tipped To Open Under Water On Wednesday
Indonesia Stock Market May Tick Higher On Wednesday
Rally May Stall For Hong Kong Stock Market
Australian Market Modestly Higher
China Stock Market May Spin Its Wheels On Wednesday
