Economic risks were in focus again during Monday's trading session. The continued rise in oil prices, due to the increasing tensions in the nuclear dispute with Iran, has investors concerned. The results of the G-20 summit over the weekend had little impact on the market.
The Swiss Market Index fell by 0.65% Monday and finished at 6,143. The Swiss Leader Index dropped by 0.43% and the Swiss Performance closed lower by 0.06%.
Shares of Novartis decline by 3.5% on Monday and was responsible for the majority of the weakness in the SMI. The loss was attributed to a reduction in the company's dividend. Roche also finished down by 0.02% Monday, but shares of Nestle climbed by 0.5%.
Cyclicals and financials were also weak during the trading day. Logitech was one of the most notable decliners, with a loss of 3.9%. Kuehne + Nagel also dropped by 2.9% after the departure of the company's CFO. Adecco fell by 1.6% and Holcim finished lower by 0.7%.
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