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The Switzerland stock market closed weak on Friday, in line with most of the markets<\/span> across Europe, as uncertainty about the pace of global economic recovery due to surging coronavirus cases weighed on sentiment.<\/p>\n Save for a few minutes at the start, the benchmark SMI was down in the red today. The index ended the session with a loss of 80.62 points or 0.65% at 12,351.84, recovering some ground from the day’s low of 12,296.12.<\/p>\n Among the stocks in the SMI, only Alcon, Swisscom and ABB managed to close on the positive side. All the three stocks closed with marginal gains.<\/p>\n Richemont declined 2.5%, Swatch Group ended 1.8% down and Novartis shed 1.28%, while Sika, Lonza Group, Geberit and Zurich Insurance Group lost 1 to 1.1%.<\/p>\n Credit Suisse and UBS Group both ended lower by about 0.5%. Swiss Re, Swiss Life Holding and Holcim shed 0.5 to 0.8%. Roche Holding declined marginally.<\/p>\n In the Mid Price Index, Temenos Group shed 3.63%. Dufry declined nearly 3% and Tecan Group ended lower by 2.65%. Straumann Holding, Julius Baer, Flugahfen Zurich, Sonova and AMS lost 1.25 to 1.85%.<\/p>\n Logitech and Cembra Money Bank gained 1.35% and 1.1%, respectively. BB Biotech and VAT Group posted modest gains.<\/p>\n According to Swiss health<\/span> officials, Switzerland is being hit by a fourth wave of the coronavirus with a “very worrying” rise in infections. The country reported 3,106 new cases in the last 24 hours, more than a 7-day average of 2,531. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n