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The Swiss Stock Market Again Finished Little Changed

The Swiss stock market has been stuck in a narrow range since it hit a new high for the year last week. The market ended Tuesday's session with a small increase, but remained little changed overall.

The market has been struggling to advance due to the continued lack of any real catalysts. Investors remain in an cautious mood due to the political upheaval in Spain and the uncertainty surrounding U.S. tax reform.

The Swiss Market Index increased by 0.08 percent Tuesday and finished at 9,267.17. The Swiss Leader Index climbed 0.25 percent and the Swiss Performance Index added 0.11 percent.

Shares of Givaudan were in focus Tuesday, after the fragrance and flavours maker reported third quarter results and reaffirmed its 2020 targets. The stock jumped 3.1 percent.

Adecco advanced 1.3 percent and Aryzta rose 1.1 percent. Sika increased 0.7 percent, while Geberit and LafargeHolcim both added 0.6 percent.

Richemont gained 1.0 percent and Swatch rose 0.7 percent. The luxury goods companies received a boost from the strong sales reported by French rival LVMH.

The index heavyweights all finished in the red Tuesday. Novartis declined 0.7 percent and Roche fell 0.3 percent. Shares of Nestlé also weakened by 0.4 percent.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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