{"id":12230,"date":"2021-07-26T18:20:30","date_gmt":"2021-07-26T18:20:30","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/07\/26\/swiss-market-ends-weak-4\/"},"modified":"2021-07-26T18:20:30","modified_gmt":"2021-07-26T18:20:30","slug":"swiss-market-ends-weak-4","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/07\/26\/swiss-market-ends-weak-4\/","title":{"rendered":"Swiss Market Ends Weak"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland stock market ended on a weak note on Monday after spending the entire duration of the day&#8217;s session in negative territory, as investors stayed cautious amid a lack of positive triggers.<\/p>\n<p>Worries about a surge in <span class=\"landLinks\">coronavirus<\/span> cases in several countries and uncertainty about the pace of economic recovery weighed on sentiment.<\/p>\n<p>The benchmark SMI ended down 81.20 points or 0.67% at 12,049.63, after moving in a narrow band of 12,027.47 and 12,099.18.<\/p>\n<p>The Swiss market recorded a fresh high on Friday amid optimism about strong corporate earnings and economic growth. The SMI ended with a gain of 153.83 points or 1.28% at 12,130.83, after hitting a new high at 12,142.60.<\/p>\n<p>Lonza Group shares ended lower by 2.8% and Alcon ended nearly 2% down. Geberit, Sika, Givaudan, Novartis and Nestle lost 1.1 to 1.45%, while SGS and Roche Holding shed about 1% and 0.8%, respectively.<\/p>\n<p>Credit Suisse climbed 1.8% after the banking giant said it reached an out-of-court settlement with its former wealth-management executive over allegations of spying.<\/p>\n<p>UBS Group gained about 1.65%. Richemont, Swatch Group and Swiss Life Holding gained 0.75% to 1%, while Swiss Re, Zurich Insurance Group and Holcim gained 0.5 to 0.6%.<\/p>\n<p>ABB ended slightly up after reports it is in advanced talks to sell its mechanical power transmission <span class=\"landLinks\">business<\/span> to RBC Bearings Inc.<\/p>\n<p>Among the stocks in the Swiss Mid Price Index, Schindler Ps and Schindler Holding ended lower by 3.6% and 3.1%, respectively. Straumann Holding, Sonova and SIG Combibloc lost 1.1 to 1.4%, while Julius Baer ended nearly 1% down.<\/p>\n<p>Dufry gained about 3.75%. Temenos Group climbed 2.8%, while Tecan Group, Cembra Money Bank, BB Biotech, PSP Swiss Property, Adecco and Lindt &amp; Spruengli gained 1 to 1.3%. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Swiss Market Ends Weak<\/a><br \/>\n<br \/>2021-07-26 18:20:30<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland stock market ended on a weak note on Monday after spending the entire duration of the day&#8217;s session in negative territory, as investors stayed cautious amid a lack&#8230;<\/p>\n","protected":false},"author":2,"featured_media":12231,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-12230","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=12230"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12230\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/12231"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=12230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=12230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=12230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}