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The Swiss Stock Market Finished Virtually Unchanged

The Swiss stock market traded to the downside for the bulk of Tuesday's session, but managed to bounce back in the afternoon. The market ended the trading day virtually unchanged.

The Swiss Market Index decreased by 0.00 percent Tuesday and finished at 8,964.11. The Swiss Leader Index dropped 0.05 percent and the Swiss Performance Index gained 0.02 percent.

Givaudan fell 1.4 percent. After reporting a rise in Q3 group sales, the Swiss manufacturer of fragrance and flavor products said it aims to outpace market with 4-5 percent sales growth.

Julius Baer weakened by 0.9 percent after RBC downgraded its rating on the stock to "Sector Perform" from "Outperform." Credit Suisse and UBS surrendered 0.2 percent each.

The index heavyweights ended the day with mixed results. Roche fell 0.2 percent, while Nestle gained 0.1 percent and Novartis added 0.02 percent.

Sika was among the weakest performing stocks, falling 1.5 percent. Lonza declined 1.2 percent and Adecco lost 1.1 percent.

Zurch Insurance climbed 1.5 percent, Swiss Life rose 1 percent and Swiss Re gained 0.4 percent.

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