21.05.2024 19:20:28 - dpa-AFX: Swiss Market Snaps Long Winning Streak, Ends Modestly Lower

BRUSSELS (dpa-AFX) - The Switzerland market ended weak on Tuesday, snapping
a long winning streak, as investors made cautious moves ahead of a slew of
economic data from Europe and the U.S.

The benchmark SMI, which spent almost the entire day's session in negative
territory, ended with a loss of 36.49 points or 0.3% at 12,001.50.

Lonza Group, Sonova and Straumann Holding lost 4%, 3.4% and 2.4%, respectively.
Swatch Group ended down by 1.75%.

Nestle ended down by about 1.4%. According to reports, Nestle will market a new,
$5 line of frozen pizzas and protein-enriched pastas in the United States. The
product is said to be designed specifically for people taking drugs such as
Wegovy or Ozempic for weight loss.

Kuehne & Nagel, Roche Holdings, SIG Group, Richemont and Julius Baer lost 0.7 to
1.4%.

Swisscom ended lower by 0.76%. The company announced that it has secured an
initial go-ahead from Italy's government for its planned acquisition of Vodafone
Italia.

ABB climbed 2.21%. Logitech International ended nearly 2% up. VAT Group, SGS,
Lindt & Spruengli, UBS Group, Novartis, Partners Group, Swiss Life Holding and
Alcon gained 0.4 to 0.8%.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CAC 40 969400 Paris 7.571,57 17.06.24 18:05:02 +68,30 +0,91% - - 7.539,03 7.571,57
FTSE 100 969378 Financial Times SE 8.142,15 17.06.24 17:35:29 -4,71 -0,06% - - 8.146,86 -
DAX ® 846900 Xetra 18.068,21 17.06.24 17:50:00 +66,19 +0,37% - - 18.008,23 18.002,02
E-STOXX 50 ® 965814 STOXX Ltd. 4.880,42 17.06.24 17:50:00 +41,28 +0,85% 0,000 - 4.858,68 4.839,14

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