Switzerland SMI Plummets 2.45% as Declining Stocks Dominate Market
The market in Switzerland is experiencing a downward trend today, with the Switzerland SMI falling by 2.45%. The advance decline ratio across the SMI shows a clear dominance of declining stocks, with 161 declines compared to only 35 advances. This translates to a ratio of 0.22x, indicating a significant decline in the overall market.
The top gainers in the Switzerland SMI today are Highlight Event & Entertainment AG, Spexis Ltd., and RELIEF THERAPEUTICS Holding SA, with gains of 19.17%, 11.76%, and 10.78% respectively. On the other hand, the top losers include Logitech International SA, OC Oerlikon Corp. AG, and HOCHDORF Holding AG, with losses of -16.53%, -13.55%, and -12.24% respectively.
Out of the 1 sector advancing today, the Switzerland SMI sector is the top losing sector with a decline of 2.45%. This indicates a widespread decline in the market, with only a few sectors managing to stay afloat.
In terms of large cap companies, Nestlé SA is the top gainer with a 0.96% increase, while UBS Group AG is the top loser with a significant decline of -8.33%. Among mid cap companies, Swisscom AG is the top gainer with a 3.70% increase, while Kühne + Nagel International AG is the top loser with a decline of -8.49%. Among small cap companies, BKW AG is the top gainer with a 3.84% increase, while Logitech International SA continues to be the top loser with a significant decline of -16.53%.
The Switzerland SMI is currently trading at 12,279.48 with a loss of -308.83 points or -2.45%. This reflects the overall downward trend in the market today. Investors and traders should closely monitor the market and make informed decisions based on the current market conditions.