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After all, the Swiss stock market, with its wait-and-see attitude, was able to stand out positively from the much worse sentiment on the other European stock markets. There, the negative news of the automotive sector had a negative impact. In the half-yearly accounts of Swiss companies, Lonza was particularly convincing. In addition to the Trump Juncker meeting, investors are also waiting for the release of the European Central Bank (ECB) monetary policy decisions tomorrow. They hope to get an idea of their attitude to the trade conflict.
The Swiss Market Index (SMI) closed up 0.15% up 9 919.46 points. The Swiss Leader Index (SLI) at 30 shares was up 0.08% at 1'488.08 points, while the broad Swiss Performance Index (SPI) was up 0.09% at 10'39. 750.64 points
Lonza's most pronounced blue chip spreads were + 6.6%. The pharmaceutical supplier delivered strong half-year results and also increased this year's targets. At 305 francs, the shares even reached a record early in the session
Behind Lonza, Aryzta's volatile papers posted the second largest advance with an increase of 2.6%. And the weight of Roche Genoa (+ 1.7%) also increased significantly on the eve of the company's half-yearly publication – unlike the two other heavyweights Novartis and Nestlé (-0.2% each).
On the other side Clariant also posted significant stock prices of 3.0%. The specialty chemicals manufacturer outperformed analysts' expectations in terms of sales in the second quarter. Looking at the current year, unchanged prospects are disappointing, said a trader. In addition, some investors had hoped for news on the participation of the main Saudi shareholder Sabic.
The shares of traditional cyclical companies have also lost value for the most part. This has been demonstrated, for example, by Adecco (-1.0%), ABB (-0.7%) or LafargeHolcim (-0.6%).
On the general market, Obseva (-7.5%) closed the day biggest loser before Valora (-6.7%). The kiosk operator Valora has not been able to fully meet the expectations at the profit level. EFG (-3.8%) is also down sharply. In the opinion of analysts, the banking institute published mixed results for the first half of 2018.
Losers included Sulzer (-3.6%). Although the industrial society has published good results and raised its forecasts for the whole year. A real surprise was missing, however, it was said in a comment
In contrast, the shares of Medartis (+ 4.5%), Leonteq (+ 4.0%) or Bucher (+ 3.5%) have increases. The industrial group particularly impressed the market with its high order intake.
Bobst also rose and gained 2.9%. Stocks have come under pressure in recent days after the company issued a profit warning. A significant portion of the significant decline in profits was attributable to losses of subsidiaries that were not fully controlled, commented one comment. In this context, the recent fall in prices may have exaggerated.
kw / db
(AWP)
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