{"id":24616,"date":"2022-08-09T17:03:53","date_gmt":"2022-08-09T17:03:53","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/08\/09\/swiss-market-ends-weak-after-another-lackluster-session\/"},"modified":"2022-08-09T17:03:53","modified_gmt":"2022-08-09T17:03:53","slug":"swiss-market-ends-weak-after-another-lackluster-session","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/08\/09\/swiss-market-ends-weak-after-another-lackluster-session\/","title":{"rendered":"Swiss Market Ends Weak After Another Lackluster Session"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> After a weak start and a subsequent recovery that resulted in a very brief stay in positive territory, the Switzerland stock market languished in the red on Tuesday to eventually close modestly lower.<\/p>\n<p>The mood was cautious with investors digesting earnings updates and geopolitical news, and looking ahead to U.S. inflation data, due on Wednesday.<\/p>\n<p>The benchmark SMI, which touched a high of 11,177.37 and a low of 11,100.66 in the session, settled at 11,132.48, recording a loss of 33.84 points or 0.3%.<\/p>\n<p>Logitech drifted down more than 5%. Sika ended 4.6% down, Partners Group closed lower by 3.6% and Credit Suisse ended with a loss of 3.39%.<\/p>\n<p>Geberit and Richemont fell 2.95% and 2.79%, respectively. Givaudan, UBS Group and ABB shed 1.4 to 1.72%.<\/p>\n<p>Novartis, Swisscom and Zurich Insurance Group gained 1.1 to 1.2%. Roche Holding and Swiss Re advanced 0.79% and 0.62%, respectively.<\/p>\n<p>In the Mid Price Index, Zur Rose plunged nearly 14%. VAT Group ended 7.78% down and AMS drifted down nearly 7%. Georg Fischer, Straumann Holding, Temenos Group and Clariant lost 3 to 3.7%.<\/p>\n<p>Dufry rallied more than 4% after the company said it posted a 146% rise in turnover to CHF 2.92 billion in the six months to June 2022. The company said it saw strong sales momentum continue in July despite the soaring inflation.<\/p>\n<p>Flughafen Zurich, Baloise Holding, Helvetia and Swiss Prime Site gained 0.75 to 1.2%. <\/p>\n<\/p>\n<p>Market Analysis<\/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 After Another Lackluster Session<\/a><br \/>\n<br \/>2022-08-09 17:03:53<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a weak start and a subsequent recovery that resulted in a very brief stay in positive territory, the Switzerland stock market languished in the red on Tuesday to eventually&#8230;<\/p>\n","protected":false},"author":2,"featured_media":24617,"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-24616","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/24616","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=24616"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/24616\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/24617"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=24616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=24616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=24616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}