Swiss Market Ends Weak on Inflation and Virus Worries

Macro
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Summary · why it matters

The Swiss stock market ended lower on Thursday, with the benchmark SMI losing 46.96 points or 0.37% to close at 12,553.19. Rising inflation and a surge in coronavirus cases across several countries weighed on sentiment, while data showing a 1.5% monthly drop in Swiss exports during October added to the negative mood. Among major decliners, Logitech fell 2.46% and Holcim dropped 2.33%, while Credit Suisse and UBS Group both shed about 1.75%. On the upside, Sika climbed 2.2% and Givaudan gained 1.26%. The trade surplus widened to CHF 4.409 billion in October from CHF 4.328 billion in September, and watch exports rose 4.8% year-on-year.

Impact on stocks 5

Materials± Mixed · 3 stocks
Givaudan SA
GIVN
▲ PositiveDemandrelevance

Givaudan gained 1.26% despite weak market, possibly benefiting from resilient demand for its flavors and fragrances.

Holcim AG
HOLN
▼ NegativeDemandrelevance

Holcim dropped 2.33% amid weak market sentiment due to rising inflation and virus worries, which may weigh on construction demand.

Sika AG
SIKA
▲ PositiveDemandrelevance

Sika climbed 2.2% despite weak market, possibly due to resilient demand in construction chemicals.

Information Technology▼ · 1 stocks
Logitech International S.A.
LOGN
▼ NegativeDemandrelevance

Logitech fell 2.46% amid weak market sentiment due to rising inflation and virus worries, which may dampen consumer demand for its products.

Financials▲ · 1 stocks
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