UBS Leads Swiss Shares Lower Thursday

(RTTNews) - Swiss stocks were little changed from the previous session on Thursday, unable to sustain any positive momentum due to rising tensions between the U.S. and Russia.

The benchmark SMI index was down 0.13 percent despite strong showings from Credit Suisse and ABB.

Cyclical stocks trimmed this week's gains, with Swatch and Richemont leading luxury brands lower.

UBS has suspended six more foreign exchange traders amid an internal probe into alleged rigging of currency benchmarks. Shares slipped 0.9 percent

Bucher Industries said it won an order from the city of Moscow worth roughly 53 million Swiss francs for winter maintenance equipment. Shares rose 1.8 percent.

Bobst said it swung to a net profit of 27.7 million francs from a year-ago net loss. Shares rose 6.8 percent.