The Swiss stock market concluded Tuesday essentially unchanged after spending much of the trading session in positive territory. Early gains driven by bargain hunting were trimmed as investor sentiment turned more cautious awaiting further data to gauge the potential actions of the Federal Reserve.
The Swiss Market Index (SMI), which had risen to 11,789.96 by midday, finished the session almost unchanged at 11,702.57.
Among the movers, Lonza Group declined approximately 1.3%. Other notable fallers included Givaudan, VAT Group, Novartis, Kuehne + Nagel, and Roche Holding, each losing between 0.5% and 1%. Alcon, Julius Baer, and Sandoz Group also ended the day in negative territory.
In contrast, Lindt & Sprüngli posted a robust gain of 4.8% following their report of nearly 8% sales growth in 2024. The company anticipates organic growth of 7% to 9% in 2025.
Logitech International, Straumann Holding, and Richemont saw rises of 1.65%, 1.6%, and 1.25%, respectively. Meanwhile, Swiss Re, Swiss Life Holding, Zurich Insurance Group, Partners Group, ABB, Sika, and Holcim recorded gains ranging from 0.5% to 1%.
Temenos shares notably increased by nearly 5.5%, boosted by an upgrade from Baader Helvea.
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