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The Swiss market ends on a weak note


The Swiss market on Wednesday ended on a weak note, according to markets across Europe, as concerns about slowing growth and caution before announcing the Federal Reserve’s monetary policy affected stocks.

The SMI article ended with a loss of 121.64 points or 1.01% at 11.88-.24, the lowest for the day.

Partners Group, Logitech, Richemont, Geberit and Roche Holding fell 2 to 2.85%. Sika fell 1.7%, while Lonza Group, Nestle, Alcon and Swiss Life Holding fell 0.9 to 1.1%.

Holcim grew by almost 1%, while Swisscom and UBS Group grew by about 0.5%. Credit Suisse grew 0.26% and Givaudan grew 0.2%.

On average, the AMS price index fell 4.7% and Dufry – 4.4%. Bahem Holding fell 3.3%, while Temenos Group and Swatch Group lost 2.8% and 2.5% respectively.

Lindt & Spruengli, SIG Combibloc, Cembra Money Bank, Barry Callebaut, Tecan Group, BB Biotech and Straumann Holding ended 1.1-2.2% lower.

Clariant was up 2.3%, Galenica Sante was up 2.1% and Georg Fischer was up 1.8%. Kuehne & Nagel and Adecco also finished noticeably higher.

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