Swiss Stock Slide, Led By Holcim

(RTTNews) - Swiss stocks fell Monday, as big banks struggled and cement maker Holcim posted disappointing quarterly results.

The Swiss Market index dropped 0.97 percent to 8.751.67, having tested 6-year highs near 8,840.

Holcim fell 2.6 percent. The cement maker posted third-quarter net income and revenue that missed analysts' projections.

Credit Suisse dropped 2 percent, UBS was down 1 percent and Julius Baer eased 0.5 percent.

Solar company Meyer Burger has no plans to raise further capital at present, CEO Peter Pauli told paper Finanz und Wirtschaft. Shares rose 0.4 percent.

Advanced Digital Broadcast Holdings said its main shareholder 4T S.A has presented a tender offer to take the company private. The stock was up 31 percent.