{"id":51291,"date":"2024-10-04T17:51:57","date_gmt":"2024-10-04T17:51:57","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/10\/04\/swiss-market-ends-marginally-down-19\/"},"modified":"2024-10-04T17:51:57","modified_gmt":"2024-10-04T17:51:57","slug":"swiss-market-ends-marginally-down-19","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/10\/04\/swiss-market-ends-marginally-down-19\/","title":{"rendered":"Swiss Market Ends Marginally Down"},"content":{"rendered":"
<\/div>

\n<\/p>\n

\n

The Switzerland market ended marginally down on Friday after moving in a tight band. The market did manage to emerge above the flat line a few times during the day’s session, but failed to find enough support to stay positive. Data showing an increase in the nation’s unemployment rate hurt a bit.<\/p>\n

Upbeat U.S. jobs data helped limit the market’s downside.<\/p>\n

The benchmark SMI, which moved between a close range, ended with a loss of 15.23 points or 0.13% at 11,997.09. The index touched a low of 11,958.56 and a high of 12,030.88 in the session.<\/p>\n

SGS ended down 1.76% and Givaudan closed lower by 1.58%. Lonza Group, Geberit, Alcon and Roche Holding lost 1 to 1.39%.<\/p>\n

Sika, Schindler Ps, VAT Group, Swisscom and Nestle ended modestly lower.<\/p>\n

Swatch Group rallied about 2.75%. SIG Group gained nearly 2% and Sandos Group climbed 1.69%. Zurich Insurance, Julius Baer, Holcim, UBS Group, Lindt & Spruengli, Swiss Re, Straumann Holding and Kuehne + Nagel gained 0.6 to 1%.<\/p>\n

Data from the State Secretariat for Economic Affairs said the Swiss unemployment rate edged up to a non-seasonally adjusted 2.5% in September, compared to market forecasts and August’s rate of 2.4%. Adjusted for seasonal factors, the jobless rate stood at 2.6% in September. <\/p>\n

Meanwhile, the youth unemployment rate, measuring job-seekers between 15 to 24 years old, remained steady at 2.7% in September. <\/p>\n<\/p>\n

Market Analysis<\/p>\n<\/div>\n