{"id":13085,"date":"2021-08-19T17:48:42","date_gmt":"2021-08-19T17:48:42","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/08\/19\/swiss-market-ends-notably-lower-4\/"},"modified":"2021-08-19T17:48:42","modified_gmt":"2021-08-19T17:48:42","slug":"swiss-market-ends-notably-lower-4","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/08\/19\/swiss-market-ends-notably-lower-4\/","title":{"rendered":"Swiss Market Ends Notably Lower"},"content":{"rendered":"
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The Switzerland stock market closed notably lower on Thursday, in line with most of the markets<\/span> in Europe, amid continued worries about spikes in coronavirus cases of the delta variant, and on Fed taper talks.<\/p>\n

Investors also digested the data on Swiss exports in the month of July., <\/p>\n

The benchmark SMI, which kept hitting fresh record highs in recent sessions, ended the day with a loss off 141.77 points or 1.13% at 12,403.58. The index touched a low of 12,296.95 and a high of 12,453.61 in the session.<\/p>\n

Richemont and Swatch Group tumbled 6.7% and 6.5%, respectively. Partners Group, UBS Group, Holcim, Credit Suisse, Swiss Re, Swiss Life Holding and Novartis declined 1.5 to 2.5%.<\/p>\n

Geberit shares shed about 1.7%. The producer and supplier of sanitary ware and bathroom ceramics has warned about rising raw materials prices after reporting higher-than-expected first-half earnings.<\/p>\n

Alcon, which ended with a hefty gain on Wednesday, moved up by about 0.7% in today’s session. Nestle, SGS and Roche Holding closed flat.<\/p>\n

In the Mid Price Index, Adecco, Logitech, Straumann Holding, OC Oerlikon Corp, Dufry, Julius Baer and Georg Fischer shed 2 to 3%.<\/p>\n

Sonova, BB Biotech, Temenos Group, Vifor Pharma, Flughafen Zurich and Clariant lost 1.4 to 1.85%.<\/p>\n

Tecan Group shares moved up by about 3%. Galenica Sante and Lindt & Spruengli gained 0.8% and 0.6%, respectively.<\/p>\n

Data from the Federal Customs Administration showed Switzerland’s exports increased in July, rising by a reak 0.6% month-on-month, after a 3% fall in June.<\/p>\n

Imports grew 1% monthly in July, after a 2.7% decrease in the previous month.<\/p>\n

Exports of jewelry and precision instruments increased in July and imports of chemical pharmaceutical products rose.<\/p>\n

In nominal terms, exports grew 0.1% in July and imports gained 1.7%.<\/p>\n

The trade surplus increased to CHF 4.113 billion in July from CHF 4.367 billion in June.<\/p>\n

According to the Federation of the Swiss Watch Industry, watch exports increased 7.6% year-on-year in June. <\/p>\n<\/p>\n

Market Analysis<\/p>\n<\/div>\n