The Swiss stock market ended Wednesday's session with a very slight gain, nearly unchanged on the day. There was little in the way of major news today that could sway the market in any definitive direction. Standard and Poor's downgraded the credit rating outlook on Greece to 'negative' from 'stable,' but the news had little impact.
Towards the end of the trading session in Europe, the New York Stock Exchange turned positive. This seemed to provide support to the European markets and helped them to trim some of their early losses.
The Swiss Market Index closed higher by 0.00 percent Wednesday and finished at 6,458.00. The Swiss Leader Index declined by 0.02 percent, but the Swiss Performance Index gained 0.04 percent.
Shares of Swisscom fell by 0.4 percent. The company reported a slight decline in revenues and earnings for the first half of the year, and management lowered its sales outlook for the full year.
Logitech was one of the largest gainers on Wednesday, with an increase of 2.1 percent. However, shares of Kuehne + Nagel dropped by 2.3 percent. Clariant fell by 1.4 percent and Adecco finished down by 1.0 percent.
by RTT Staff Writer
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