FX.co ★ Swiss Market Pares Gains, Settles Slightly Weak

Throughout the trading session on Tuesday, the Swiss market remained mostly in positive territory, with only brief moments of fluctuation early in the session and just before the closing bell. However, the market concluded the day with a marginal loss.

The SMI (Swiss Market Index) began the day on a slightly weak note but quickly recovered, reaching a peak of 12,151.28 around noon. As the day progressed, the index steadily declined, ultimately closing at 12,037.36, down by 14.30 points or 0.12%.

Notable decliners included SIG Group, which fell by 1.82%, and other major companies such as Swatch Group, VAT Group, Holcim, UBS Group, Sonova, and Alcon, which registered losses ranging from 0.6% to 1%. Geberit, ABB, Sika, SGS, and Nestle also ended the day in negative territory.

On the positive side, Givaudan rose by 1.56%, and Roche Holdings gained approximately 1.5%. Roche announced its achievement of securing a CE Mark for the AI-enabled Accu-Chek SmartGuide, a real-time continuous glucose monitoring system.

Swisscom, Lonza Group, and Logitech International also recorded modest gains for the day.