FX.co ★ Swiss Market Ends Weak For 2nd Straight Day

The Swiss market closed lower on Friday, extending its losses from the previous session due to ongoing political tensions in Europe and persistent uncertainty regarding interest rates.

The benchmark SMI, which briefly touched positive territory early in the session, ended with a decline of 51.40 points, or 0.42%, finishing at 12,044.59. This was over 60 points above the day's low of 11,981.82.

Among the large-cap stocks, Logitech International was the biggest loser, falling by 3.05%. Sika also saw a significant decline of 2.7%. Other notable losers included SGS (-1.94%), Swatch Group (-1.83%), and Partners Group (-1.79%).

Several other major companies saw their shares fall between 1.4% and 1.6%, such as SIG Group, Holcim, ABB, Julius Baer, VAT Group, Swiss Re, Alcon, Straumann Holding, Sonova, and Geberit. UBS Group, Givaudan, Sandoz Group, and Kuehne & Nagel also posted notable losses.

Clariant dropped by 3.2%, and Adecco slid nearly 3%. Georg Fischer closed down by almost 2%.

However, not all stocks were in the red. Lindt & Sprüngli climbed by 1.42%, while Novartis and Roche posted gains of 0.8% and 0.73%, respectively.