BRUSSELS (dpa-AFX) - Swiss stocks lost ground Thursday despite a strong performance from one of the nation's big insurance companies. Concers about an possible exit of the UK from the European Union weighed on European markets.
Zurich Insurance shares jumpe 6.5 percent. The Swiss insurer reported a smaller-than-expected drop in first-quarter profit, helped by improvements in its flagship general insurance business.
LafargeHolcim first-quarter operating profit fell more than analysts expected.
The Swiss Market Index was down 0.66 percent at 7,885, having lost about 10 percent year-to-date.
Copyright RTT News/dpa-AFX