BRUSSELS (dpa-AFX) - Despite spending much of the day's trading session in
positive territory, the Switzerland market ended marginally down on Friday with
a few key stocks turning weak past mid afternoon. Investors digested inflation
data from the European region, and a report on U.S. personal consumption
expenditure.

The benchmark SMI, which climbed to 12,058.05 about an hour past noon, ended the
day with a marginal loss of 10.48 points or 0.09% at 11,993.83.

Givaudan and Straumann Holding, both ened lower by about 2.1%. Swatch Group
drifted down 1.9%.

Richemont, Geberit, Sika, Julius Baer and Sandoz Group lost 0.9 to 1.25%. Roche
Holding and Nestle ended modestly lower.

Partners Group gained nearly 1.5%. Swisscom climbed 1.14%. Novartis, Lonza
Group, Lindt & Spruengli, Logitech International and Kuehne & Nagel gained 0.5
to 0.75%.

In economic news, a report from Swiss Economic Institute said Switzerland's
leading KOF economic barometer edged up to 102.7 in June from an upwardly
revised 102.2 in May, beating forecasts of 101. It is the highest reading since
February 2022.



Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX