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Swiss market declines after hitting new highs, recording 13 consecutive days of victories

The Swiss stock market fell slightly after a 13-day long streak on Friday, in line with trends seen across Europe, as hawkish policy outlook from the Federal Reserve Board put pressure on sentiment. did.

Profiting after a long win also contributed to the weak closing price of the market.

Benchmark SMI hit a record high of 12,072.11 at noon, but lost an hour later and gradually slid to end the session, losing 69.86 points or 0.58% at 11,941.25.

Richemont, Partners Group, Credit Suisse and UBS Group lost 2-2.25%. Holcim fell 1.8%, while Swiss Re, ABB and Zurich Insurance Group fell 1.3 to 1.4%. Swiss Life Holding, The Swatch Group and Lonza Group were down 0.9-1.1%.

Of the shares in the Intermediate Price Index, AMS fell 3.7% and Logitech fell 2.88%. Helvetia, Adecco, Flughafen Zurich, Clariant and Julius Baer decreased by 2-2.4%, while Vifor Pharma, Cembra Money Bank and Baloise Holding decreased by 1.3-1.6%.

Sonova, Schindler, Tecan Group, Lindt & Spruengli, Ems Chemie Holding and Schindler Holding have finished positively.

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Swiss market declines after hitting new highs, recording 13 consecutive days of victories

Source link Swiss market declines after hitting new highs, recording 13 consecutive days of victories

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