Swiss Market Ends Marginally Down
(RTTNews) - After struggling for direction till noon on Wednesday, the Switzerland stock market moved higher and had a good spell in positive territory, but faltered in the final hour and eventually ended slightly down.
The benchmark SMI, which climbed to 10,832.19, ended the day's session with a marginal loss of 7.18 points or 0.07% at 10,756.19.
Novartis announced that it has completed the spin-off of its generics and biosimilars business Sandoz through a dividend-in-kind distribution to holders of Novartis shares and American Depositary Receipts. Sandoz shares tanked about 17.5%% on debut. Novartis gained about 1.8%.
Geberit ended 1.7% down. Roche Holding and Kuehne & Nagel both ended nearly 1% down.
Partners Group gained 1.1%. Logitech ended nearly 1% up. Sika climbed 0.61%.
In the Mid Price Index, Belimo Holding, Adecco, BKW and Meyer Burger Tech lost 2.6 to 3.1%. Dufry ended 2.1% down.
Tecan Group, Clariant, Lindt & Spruengli, Ems Chemie Holding and Julius Baer also ended notably lower.
Swiss Market Ends Modestly Higher
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Bay Street Poised For Positive Open On Metal Gains
U.S. Durable Goods Orders Unexpectedly Unchanged In August
FTSE 100 Edges Higher On Mining, Banking Strength
Canadian Dollar Falls As Crude Oil Prices Slide
