Swiss Market Fails To Retain Gains, Ends Flat

RTTNews | 13h 41min ago
Stocktwits
Swiss Market Fails To Retain Gains, Ends Flat

(RTTNews) - The Switzerland market ended flat on Tuesday after spending much of the day's trading session in positive territory. Stocks gained on bargain hunting, but pared gains as the mood turned a bit cautious as the day progressed, with investors awaiting more data to assess the likely move of the Federal Reserve.

The benchmark SMI, which advanced to 11,789.96 around noon, ended the day's session at 11,702.57, up by less than a point.

Lonza Group closed lower by about 1.3%. Givaudan, VAT Group, Novartis, Kuehne + Nagel and Roche Holding lost 0.5 to 1%.

Alcon, Julius Baer and Sandoz Group also ended weak.

Lindt & Spruengli climbed 4.8%, after reporting a near 8% growth in sales in 2024. The company said it expects to achieve organic growth of between 7% and 9% in 2025.

Logitech International, Straumann Holding and Richemont closed higher by 1.65%, 1.6% and 1.25%, respectively.

Swiss Re, Swiss Life Holding, Zurich Insurance Group, Partners Group, ABB, Sika and Holcim gained 0.5 to 1%.

Temenos shares climbed nearly 5.5% following a rating upgrade by Baader Helvea.

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Asian Markets Mixed Amid Cautious Trades

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Wednesday, following the mixed cues from Wall Street overnight, as traders are cautious and reluctant to make more significant moves ahead of a more closely watched report on US consumer price inflation later in the day that could influence the US Fed's rate trajectory. Asian markets closed mostly higher on Tuesday.
RTTNews | 5h 20min ago
Australian Market Trims Gains In Mid-market

Australian Market Trims Gains In Mid-market

The Australian stock market is trimming its gains in mid-market trading on Wednesday, but expending the gains in the previous session, with the benchmark S&P/ASX 200 index still staying well above the 8,200.00 level, with gains in mining and financial stocks nearly offset by weakness in technology and energy stocks.
RTTNews | 5h 41min ago
Thai Stock Market Expected To Open Higher On Wednesday

Thai Stock Market Expected To Open Higher On Wednesday

The Thai stock market has finished lower in two straight sessions, sinking more than 25 points or 2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,340-point plateau although it's due for support on Wednesday.
RTTNews | 6h 41min ago
Indonesia Bourse May Stop The Bleeding On Wednesday

Indonesia Bourse May Stop The Bleeding On Wednesday

The Indonesia stock market has finished lower in back-to-back sessions, surrendering more than 130 points or 1.8 percent along the way. The Jakarta Composite Index now sits just above the 6,950-point plateau although it's tipped to open to the upside on Wednesday.
RTTNews | 7h 11min ago
Additional Support Tipped For Hong Kong Shares

Additional Support Tipped For Hong Kong Shares

The Hong Kong stock market on Tuesday ended the six-day losing streak in which it had tumbled almost 900 points or 4.7 percent. The Hang Seng Index now sits just beneath the 19,220-point plateau and it may add to its winnings on Wednesday.
RTTNews | 7h 26min ago
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Wednesday, snapping a four-session losing streak, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving up to be just below the 38,500 level, with gains in gains across most sectors led by financial stocks. Technology stocks were the only weak spot.
RTTNews | 7h 28min ago
China Shares May Be Stuck In Neutral On Wednesday

China Shares May Be Stuck In Neutral On Wednesday

The China stock market on Tuesday ended the three-day losing streak in which it had retreated almost 70 points or 2.3 percent. The Shanghai Composite Index now sits just above the 3,240-point plateau although it may spin its wheels on Wednesday.
RTTNews | 7h 41min ago
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