{"id":43519,"date":"2024-02-06T17:57:18","date_gmt":"2024-02-06T17:57:18","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/02\/06\/swiss-market-ends-on-weak-note-30\/"},"modified":"2024-02-06T17:57:18","modified_gmt":"2024-02-06T17:57:18","slug":"swiss-market-ends-on-weak-note-30","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/02\/06\/swiss-market-ends-on-weak-note-30\/","title":{"rendered":"Swiss Market Ends On Weak Note"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland market ended weak on Tuesday, bucking the positive trend seen across Europe, with investors largely making cautious moves.<\/p>\n<p>The benchmark SMI, which slipped into negative territory after staying higher for a few minutes, stayed weak right till the end of the session, and ended with a loss of 29.44 points or 0.26% at 11,245.03.<\/p>\n<p>UBS Group ended down 4.44%. The lender reported a net loss of $279 million for the fourth-quarter, marking its second consecutive quarterly loss caused by costs of integrating collapsed rival Credit Suisse.<\/p>\n<p>UBS reported operating profit before tax of $592 million, below the consensus of $762 million. <\/p>\n<p>Nestle ended lower by 0.67%. Novartis, Partners Group and Zurich Insurance Group dropped 0.2 to 0.3%.<\/p>\n<p>Swiss Re advanced 2.15%. Alcon and Logitech International gained 1.61% and 1.5%, respectively. ABB, Geberit, Lonza Group and Holcim ended higher by about 0.7%. Givaudan gained 0.42%.<\/p>\n<p>In the Mid Price Index, Julius Baer dropped nearly 5%. Meyer Burger Tech ended down 4%, while BKW, Sandoz and Helvetia closed lower by 2.27%, 1.79% and 1.35%, respectively.<\/p>\n<p>Avolta rallied 3.18% and Flughafen Zurich gained 2.58%. Georg Fischer, Schindler Holding and SGS ended higher by 1.44%, 1.37% and 1.19%, respectively. Schindler Ps, Galenica Sante and Straumann Holding closed moderately higher. <\/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 On Weak Note<\/a><br \/>\n<br \/>2024-02-06 17:57:18<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland market ended weak on Tuesday, bucking the positive trend seen across Europe, with investors largely making cautious moves. The benchmark SMI, which slipped into negative territory after staying&#8230;<\/p>\n","protected":false},"author":2,"featured_media":43520,"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-43519","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/43519","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=43519"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/43519\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/43520"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=43519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=43519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=43519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}