BRUSSELS (dpa-AFX) - The Swiss stock market ended Tuesday's session with a slight decrease on what had been a very weak session for global equity markets. The market held its own in early trade, but turned lower later in the morning and continued to decline until around midday.
Greece has been thrust back into focus after yesterday's meeting of Eurozone finance ministers. Eurogroup President Jeroen Dijsselbloem expressed frustration with Greece and accused the country of wasting time. Greece will resume talks with lenders in Brussels on Wednesday.
The Swiss Market Index fell by 0.26 percent Tuesday and finished at 9,023.71. The Swiss Leader Index dipped by 0.12 percent and the Swiss Performance Index lost 0.37 percent.
Shares of Credit Suisse were in focus Tuesday. The stock surged by 7.8 percent after it announced that Tidjane Thiam, who had been the CEO of the U.K.'s Prudential, has been appointed its new CEO. Thiam will succeed Brady Dougan.
Geberit climbed by 2.9 percent after its full year 2014 earnings topped analysts' expectations. The company also announced that it will increase its dividend by 10.7 percent.
Shares of Adecco rose by 0.9 percent, ahead of its earnings report on Wednesday.
The index heavyweights all finished in negative territory Tuesday. Nestle dropped by 0.8 percent and Novartis fell by 0.7 percent. Shares of Roche also slipped by 0.1 percent.
Transocean sank by 4.4 percent on a tough day for energy stocks. Crude oil prices continue to come under pressure on concerns of oversupply.
Copyright RTT News/dpa-AFX