Swiss Stocks Fall Further From 6-Year Highs

(RTTNews) - Swiss stocks edged down for a second day in a row Tuesday, although losses were more pronounced in other major European markets.

The Swiss Market Index slipped 0.61 percent to 8,763.80 at last check, moving further from 6-year highs seen earlier this month. Actelion was down 2.6 percent while Swatch fell 1.6 percent.

In corporate news, drug maker Roche plans to float bonds worth $5.75 billion in order to partially fund its acquisition of Intermune. Roche lost 0.35 percent.

Meyer Burger won a contract from Hanwha Q Cells for delivery of MB-PERC upgrade equipment and technology in Europe and Asia. MB shares rose 0.11 percent.

Helvetia said it has more than 80 percent of Nationale Suisse shares after a takeover offer. Helvetia was down 0.64 percent.

Nestlé Mexico will invest $53 million over the next six years to increase milk production in the country. Nestle lost 1 percent.