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The Swiss stock exchange experienced a downward trend, with the SMI index closing at 8056.71 points, down 0.35%. Banking stocks faced pressure due to uncertainties surrounding Brexit and low interest rates, while defensive heavyweights like Novartis and Nestlé showed slight gains. In the broader market, Sulzer surged 11.47% following its acquisition of Geka, while EFG International struggled, dropping 6.30%.
The Swiss stock exchange turned negative, with the SMI down 0.30% to 8060.69 points and the SPI losing 0.37% to 8704.05 points amid low trading volumes. Banking stocks faced pressure, particularly UBS (-1.86%) and Credit Suisse (-1.52%), due to uncertainties around Brexit and low interest rates. Defensive stocks like Novartis (+0.44%) showed resilience, while Sulzer surged 10.59% following its acquisition of Geka.
Sulzer Ltd
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Swiss stock exchange declines as banking and cyclical stocks face pressure
Swiss Franc
Syngenta AVC SA
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Swatch AG
gategroup GmbH
Actelion Ltd.
Nestlé S.A.
Sulzer Ltd
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Novartis AG
Credit Suisse Anlagestiftung
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EFG International AG
Zurich Insurance Group AG
CHE
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18:59 09.11.2024
Swiss stock exchange declines as banking stocks face renewed pressure
United States Dollar
Richemont DNS Inc.
Julius Bär Stiftung
Novartis AG
gategroup GmbH
Hoffmann-La Roche AG
Swatch AG
EFG International AG
Credit Suisse Anlagestiftung
Swiss Life AG
GEKA GmbH
Swiss Re AG
Zurich Insurance Group AG
SGS SA
ABB Ltd
Sulzer Ltd
UBS AG
Geberit AG
LafargeHolcim Ltd.
Nestlé S.A.
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BSI Group AG
CHE
Tidjane Thiam
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17:06 09.11.2024
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