On Friday, Swiss stocks experienced fluctuations, ultimately closing with a slight decline, as several stocks faced intense selling pressure in the final trading hour. Investors predominantly engaged in stock-specific transactions, responding to various corporate developments.
European market sentiment was weighed down by concerning economic data from the UK and Germany, along with tariff increase threats from Donald Trump, which created a cautious atmosphere.
The benchmark Swiss Market Index (SMI) concluded the day with a decrease of 21.42 points, or 0.18%, settling at 11,694.43. Throughout the session, the index fluctuated between a low of 11,669.29 and a high of 11,736.28.
Among individual stocks, Lonza Group saw a decline of 2.81%. Alcon, Geberit, and VAT Group also ended the day with losses ranging from 1.6% to 1.75%. Partners Group decreased by 1.56%, while Sika fell by 1.04%.
Roche Holding, SIG Group, Sandoz Group, Givaudan, UBS Group, Adecco, and ABB all finished weaker in the session.
Conversely, Swiss Re enjoyed a notable rise of 4.5% following the announcement of its target net income of $4.4 billion for the year 2025.
Both Swiss Life Holding and Zurich Insurance recorded gains of nearly 1%. Meanwhile, Kuehne + Nagel, Straumann Holding, Sonova, and Richemont experienced increases ranging from 0.5% to 0.8%.
The material has been provided by InstaForex Company -
www.instaforex.com
