The Swiss Stock Market Finished In Negative Territory

(RTTNews) - The Swiss stock market ended Tuesday's session in the red, following the gains of the previous day. The market began the session in the green, but those early gains quickly eroded in the morning, along with the rest of the European markets. There was no support to be found in the afternoon, with weakness in the United States, despite some positive U.S. economic data.

Investor concerns over the situation in Greece negatively impacted sentiment Tuesday. The Greek government and its international creditors have not reached an agreement on reforms.

The Swiss Market Index declined by 0.80 percent Tuesday and finished at 9,202.18. The Swiss Leader Index fell by 0.89 percent and the Swiss Performance Index lost 0.76 percent.

Aryzta was among the biggest losers Tuesday, with a decrease of 8.2 percent. The company announced that it plans to use the proceeds from its sale of Origin to acquire a stake in France's Picard.

Richemont dropped by 2.1 percent. The company announced that it has agreed to merge its online subsidiary Net-a-Porter with Italy's Yoox. Shares of Swatch also finished lower by 1.7 percent.

Actelion was another notable decliner, with a loss of 2.1 percent. Shares of Sonova also dropped by 1.9 percent.

Financial stocks were also under pressure Tuesday. Julius Baer sank by 1.6 percent and UBS fell by 1.2 percent. However, Credit Suisse finished up by 0.3 percent.

Among the index heavyweights, Nestle decreased by 1.1 percent and Novartis lost 1.7 percent. Shares of Roche climbed by 1.2 percent after Credit Suisse added the stock to its "Global Focus List."