07.02.202518:59:00UTC+00Swiss Market Ends On Weak Note After Choppy Session

The Swiss market experienced a subdued close on Friday following a turbulent trading session. Investors exhibited hesitance in making significant commitments due to recent market gains.

Despite spending a considerable portion of the trading day in positive terrain, the market concluded with a slight downturn influenced by the decline of several key stocks towards the session's end.

The primary index, the SMI, fell by 30.86 points or 0.24%, closing at its lowest point of the day at 12,593.34.

A notable decliner, SIG Group, saw its shares fall nearly 3%. Julius Baer and Partners Group experienced declines of 2.56% and 2.26%, respectively. Other companies such as Geberit, Alcon, Lonza Group, Givaudan, VAT Group, Kuehne + Nagel, Adecco, and Richemont posted losses ranging from 1% to 1.7%.

Ems-Chemie Holdings was also down by 2.5%, following the announcement of a 5.4% decline in 2024 net sales to 2.07 billion francs, compared to 2.19 billion francs the previous year, adversely affected by the depreciation of foreign currencies.

Conversely, Swisscom advanced approximately 2.35%, while Holcim appreciated by 1.21%. UBS Group, SGS, Roche Holding, and Swiss Re recorded modest gains.

In economic insights, a report from the State Secretariat for Economic Affairs indicates an improvement in Switzerland's consumer confidence, rising to -29 in January 2025 from -41 in the same month the previous year.

Additionally, the Swiss National Bank data reveals an increase in the country's foreign currency reserves, reaching CHF 736.39 billion in January, up from CHF 730.87 billion in December 2024.