{"id":51867,"date":"2024-10-21T17:52:17","date_gmt":"2024-10-21T17:52:17","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/10\/21\/swiss-market-ends-moderately-lower-29\/"},"modified":"2024-10-21T17:52:17","modified_gmt":"2024-10-21T17:52:17","slug":"swiss-market-ends-moderately-lower-29","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/10\/21\/swiss-market-ends-moderately-lower-29\/","title":{"rendered":"Swiss Market Ends Moderately Lower"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Switzerland market recovered and moved into positive territory after a weak start Monday morning, but retreated soon and spent the rest of the day&#8217;s session in negative territory. <\/p>\n<p>The benchmark SMI, which advanced to 12,355.26, ended the session with a loss of 64.89 points or 0.53% at 12,261.87, about 10 points off the day&#8217;s low of 12,251.99.<\/p>\n<p>SGS and VAT Group ended down by about 2.3% and 2.2%, respectively. UBS Group shares ended down 1.55% after the lender agreed to sell Credit Suisse&#8217;s 50% interest in credit card company Swisscard to joint venture partner American Express for undisclosed terms.<\/p>\n<p>Swiss Re, Kuehne + Nagel, Lonza Group, UBS Group, Lindt &amp; Spruengli, Straumann Holding, Givaudan, Geberit, Adecco and Sika lost 1 to 2%.<\/p>\n<p>Shares of biopharmaceutical company Relief Therapeutics soared nearly 16% after an announcement that the firm has received a notice of allowance from the European Patent Office for its proprietary hypochlorous acid solutions.<\/p>\n<p>Sandoz Group climbed 4.62%. Swatch Group gained about 1.25%, while Logitech International and Nestle gained 0.87% and 0.44%, respectively. <\/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 Moderately Lower<\/a><br \/>\n<br \/>2024-10-21 17:52:17<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland market recovered and moved into positive territory after a weak start Monday morning, but retreated soon and spent the rest of the day&#8217;s session in negative territory. The&#8230;<\/p>\n","protected":false},"author":2,"featured_media":51868,"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-51867","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51867","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=51867"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51867\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/51868"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=51867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=51867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=51867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}