Swiss stocks were little changed Monday afternoon in Zurich, staying near last week's 11-month lows amid lingering concerns about a deal to backstop Greek debt.
With most major companies stuck near Friday's levels, the benchmark SMI index was up only 3 points, or 0.05 percent, at 5995.
The Swiss Leader Index (SLI), meanwhile, lost 0.13 percent to 927.93 meters and the Swiss Performance Index (SPI) was off 0.11 percent to 5,508.76. Among the blue chips there are currently 11 winners against 19 losers.
The SMI dropped 2.4 percent last week, but analysts say the market should recover as bargain hunters pick up beaten-down stocks.
There was little corporate news to report among blue chip stocks today. Of the biggest losers at lunchtime, Clariant was down 2.8 down. Traders say this reflects a profit warning from Dutch rival Akzo Nobel.
Transocean was down 2 percent, Logitech 1.8 percent, and Sonova lost 1.3 percent amid the murky affair involving sales of shares by top management.
Fiancials are mostly lower amid uncertainty over Greece. Last week the big banks and insurers were down around 5 percent.
Today, Swiss Life was down 1.1 percent and Credit Suisse shed 0.3 percent. However, Julius Baer added 1. 6 percent.
WestLB trimmed its price target on Credit Suisse from 43 CHF to 37 CHF.
Nobel Biocare was up 1.3 percent on a broker recommendation from a U.S. bank, which said the longer-term outlook for the industry was intact.
Meyer Burger was up 3.1 percent after announcing Friday evening that it has already secured more than 75 percent of the shares of Roth & Rau.
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