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The Switzerland market started off on a positive note on Monday but slipped into the red soon thereafter, and despite emerging above the flat line around mid afternoon, fell again and ended the day’s session marginally down.<\/p>\n
The mood remained cautious with investors awaiting monetary policy announcements from the Swiss National Bank and European Central Bank.<\/p>\n
The benchmark SMI, which advanced to 11,829.09 in early trades, dropped to a low of 11,761.72 before eventually closing at 11,761.72 with a loss of 18.93 points or 0.16%.<\/p>\n
Holcim ended down 1.55%. Givaudan and Sandoz Group lost 1.17% and 1.12%, respectively. Lonza Group, Swisscom, Novartis, Zurich Insurance Group, Partners Group, Schindler Ps and UBS Group closed lower by 0.3 to 0.7%.<\/p>\n
Among the gainers, Swatch Group rallied about 2.7%. Richemont climbed 2.06%. Adecco and Straumann Holding gained 1.75% and 1.51%, respectively. Julius Baer climbed 0.89% and Sika closed up 0.81%.<\/p>\n
Data from the State Secretariat for Economic Affairs said Switzerland’s consumer confidence rose to -37.2 in November, improving from -48 in the same month a year earlier. <\/p>\n<\/p>\n<\/div>\n