The Swiss Stock Market Closed Little Changed Ahead Of French Election


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(RTTNews.com) - The Swiss stock market ended Friday's session little changed, finishing with a very small loss. The market fluctuated between small gains and losses over the course of the trading day. Investors were in a very cautious mood ahead of the French presidential election on Sunday.

The Swiss market concluded the trading week with an overall loss, largely due to Tuesday's pullback. In addition to the nervousness ahead of the French election, investors continued to be plagued by various geopolitical concerns this week.

The Swiss Market Index decreased by 0.05 percent Friday and finished at 8,553.99. The SMI ended the trading week with an overall loss of 0.9 percent. The Swiss Leader Index dropped 0.14 percent and the Swiss Performance Index lost 0.06 percent.

Index heavyweight Roche forfeited 0.5 percent. Meanwhile, Novartis and Nestlé increased by 0.1 percent each.

Industrial group ABB gained 1.9 percent, adding to its gains from the previous session. The company reported better than expected results on Thursday.

UBS climbed 0.4 percent and Swiss Re added 0.3 percent. Swiss Life advanced 0.7 percent, while Zurich Insurance and Bâloise added 0.2 percent each. However, Credit Suisse weakened by 0.6 percent and Julius Baer surrendered 0.5 percent.

In the broad market, Sulzer climbed 4.1 percent after UBS rated the stock a "Buy."

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This article appears in: Politics , US Markets , Stocks
Referenced Symbols: ADEN , ARYN , CLZNY , CS , DUFRY


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