The Switzerland stock market ended flat on Wednesday after a choppy ride as investors looked for for direction.
Worries about the ongoing war in Ukraine and rising inflation weighed on sentiment.
The benchmark SMI ended at 12,378.68, down 0.19% from the previous close. The index touched a high of 12,394.89 and a low of 12,315.77 in the session.
Alcon declined 2.8% and Logitech shed 1.47%. Lonza Group, Zurich Insurance Group and UBS Group lost 1 to 1.1%.
Swiss Re, Richemont, Holcim and Credit Suisse shed 0.7 to 0.9%.
Sika climbed 3.13%. Nestle and Swisscom both ended higher by about 0.75%. Roche Holding and Partners Group closed with modest gains.
Among the stocks in the Swiss Mid Price Index, Zur Rose tumbled 6.7%. Barry Callebaut declined 3.55% and Tecan Group ended lower by 2.37%.
Swatch Group, SIG Combibloc, Julius Baer and Straumann Holding lost 1 to 1.7%.
Dufry rallied more than 3%. Georg Fischer and Flughafen Zurich gained 1.41% and 1.35%, respectively.
Market Analysis
Swiss Market Ends Flat
2022-04-13 17:05:42
