The Swiss stock market finished Tuesday's trading session slightly in the negative. The market had been positive in early trade, but then slipped into the red and remained there for the majority of the day. Trading volume for the session was relatively light.
There was little news to sway the direction of the market in any definitive direction on Tuesday. There were a few lower than expected economic reports released today in both the U.K. and Germany, but the news had little effect on the market.
The Swiss Market Index fell by 0.08 percent Tuesday and closed at 6,457.85. The Swiss Leader Index lost 0.11 percent and the Swiss Performance Index dipped by 0.02 percent.
The index heavyweights were mixed on Tuesday. Shares of Nestle fell by 1.0 percent. Novartis closed unchanged on the day and Roche gained 0.4 percent.
Financial stocks also finished mixed on Tuesday. UBS climbed by 0.9 percent and Credit Suisse gained 0.3 percent. However, shares of Julius Baer declined by 0.8 percent.
by RTT Staff Writer
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