ZURICH (Dow Jones) — The Swiss stock market ended trading on Friday slightly up. Trading was relatively calm ahead of the monetary policy decisions by the European Central Bank and the US Federal Reserve next week, traders reported. The small expiry date on which options on stocks and indices expire hardly moved the market. In the case of individual stocks, the balance sheet season set the direction.
The SMI gained 0.1 percent to 11,207 points. In the 20 SMI stocks, there were 15 price winners and five losers. 15.77 (previously: 18.4) million shares were traded.
The SMI was slightly supported by the heavyweights Nestle (+0.6%), Novartis (+0.4%) and Roche (+0.3%).
Lonza shares attracted attention with heavy losses of 11.1 percent. Despite increased sales, the pharmaceutical contract manufacturer posted a fall in profits in the first half of the year and therefore lowered its earnings targets.
Givaudan (-2.5%) saw follow-up sales after yesterday’s disappointing business figures. The price of ABB (+0.9%), on the other hand, benefited again from the good figures that the group presented on Thursday.
The numbers from Schindler (+6.6%) were well received in the second row. According to the elevator manufacturer, efficiency measures paid off.
The figures from Temenos (+1%) were not convincing in all respects. Profit was well above market expectation, but sales were just under.
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DJG/cln/raz
(END) Dow Jones Newswires
July 21, 2023 11:37 ET (15:37 GMT)
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