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Despite staying firm till around mid afternoon, and managing to hold in positive territory till a few minutes before the closing bell, the Switzerland stock market ended slightly weak on Thursday.<\/p>\n
The benchmark SMI, which climbed to 12,424.16 about an hour past noon, ended with a loss of 8.84 points or 0.07% at 12,301.33, the day’s low.<\/p>\n
ABB climbed nearly 5% after reporting first-quarter net income of $604 million, compared with $502 million in the year-ago quarter. The company reported a 21% jump in orders during the first quarter.<\/p>\n
Holcim ended 2.4% up. Logitech and Geberit gained 1.5% and 1.43%, respectively. Givaudan ended 1% up. Nestle gained 0.72% after the company confirmed its targets for 2022.<\/p>\n
Partners Group, Alcon, Swiss Re and Sika posted modest gains.<\/p>\n
Roche Holding shed 2.1%. Lonza Group, Swisscom and Richemont lost 1 to 1.25%, while UBS Group and Credit Suisse ended lower by 0.7% and 0.47%, respectively.<\/p>\n
SIG Combibloc, up 4.03%, was the top gainer in the Mid Price Index. Georg Fischer gained 3.5% and AMS ended higher by 2.8%. Dufry advanced 2.3%.<\/p>\n
Lindt & Spruengli, Schindler Holding, Adecco, Schindler Ps, VAT Group, Kuehne & Nagel and Flughafen Zurich gained 1.4 to 2%.<\/p>\n
Bachem Holding ended 2.38% down and Sonova closed lower by about 1.7%. Cembra Money Bank and Julius Baer lost 1% and 0.65%, respectively. <\/p>\n<\/p>\n<\/div>\n