{"id":44882,"date":"2024-03-15T17:27:03","date_gmt":"2024-03-15T17:27:03","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/03\/15\/swiss-market-ends-on-weak-note-swisscom-rallies-sharply\/"},"modified":"2024-03-15T17:27:03","modified_gmt":"2024-03-15T17:27:03","slug":"swiss-market-ends-on-weak-note-swisscom-rallies-sharply","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/03\/15\/swiss-market-ends-on-weak-note-swisscom-rallies-sharply\/","title":{"rendered":"Swiss Market Ends On Weak Note; Swisscom Rallies Sharply"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Despite a few brief spells in positive territory during the course of the day&#8217;s session, the Switzerland market ended on a weak note on Friday as rising concerns about inflation and uncertainty about interest rate moves by the Federal Reserve weighed on sentiment.<\/p>\n<p>The benchmark SMI ended the session with a loss of 44.57 points or 0.38% at 11,676.13, the day&#8217;s low. The index advanced to 11,761.03 in early trades.<\/p>\n<p>Sonova, down 6.39%, was the biggest loser in the SMI index. Lonza Group ended nearly 2% down. Alcon, Richemont and Novartis ended lower by 1.79%, 1.62%, and 1.34%, respectively.<\/p>\n<p>Sika, Roche Holding and Partners Group ended with moderate losses.<\/p>\n<p>Swisscom shares rallied nearly 5% after British telecom major Vodafone Group Plc announced its binding agreement to sell Vodafone Italy to Swisscom AG for an enterprise value of 8 billion euros.<\/p>\n<p>UBS Group gained 1.33%, while Swiss Life Holding, Geberit, Logitech International and Givaudan gained 0.7 to 1.01%. Swiss Re and Kuehne &amp; Nagel posted modest gains.<\/p>\n<p>In the Mid Price index, Julius Baer, Straumann Holding, VAT Group and BKW ended down 1.55 to 2%. SGS, Ems Chemie Holding, ams OSRAM AG, Sandos and Georg Fischer also ended notably lower.<\/p>\n<p>Meyer Burger Tech gained about 3.4%, recovering a bit from recent losses. Avolta, Galenica Sante, Swiss Prime Site, SIG Group, Flughafen Zurich, Adecco and Clariant also ended with strong gains. <\/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; Swisscom Rallies Sharply<\/a><br \/>\n<br \/>2024-03-15 17:27:03<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite a few brief spells in positive territory during the course of the day&#8217;s session, the Switzerland market ended on a weak note on Friday as rising concerns about inflation&#8230;<\/p>\n","protected":false},"author":2,"featured_media":44883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-44882","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/44882","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=44882"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/44882\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/44883"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=44882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=44882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=44882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}