Swiss shares little changed in afternoon on lack of news |
|
|
|
Published
:
Wed, 17 Jan 2007 15:37
|
ZURICH (AFX) - Share prices were flat in low volume afternoon trade reflecting a dearth of market-moving news and expectations of a mixed Wall Street start, dealers said.At 3.15 pm, the Swiss Market Index was 12.93 points higher at 9,085.93, and the Swiss Performance Index up 12.54 points at 7,183.92.The euro rose against the Swiss franc to 1.6133 sfr, and the dollar climbed to 1.2492 sfr.After opening higher, the SMI hovered around yesterday's closing level as Wall Street is set for a lacklustre start and with investors here awaiting a raft of quarterly earnings tomorrow, a trader here said.Pharma heavyweight Novartis and Logitech, Barry Callebaut, Geberit and Saurer are all due to release their fourth quarter and full-year results tomorrow.Novartis was last up 0.20 at 73.50 sfr, amid expectations of improved sales and profits, still benefiting from the strength of its cardiovascular and cancer segments.Rival Roche was up 1.40 at 236.10 sfr, while fellow heavyweight Nestle declined 0.40 sfr to 435.25.Chemicals were mixed, with Givaudan down 15 sfr or 1.3 pct at 1,128, and Syngenta off 2.10 at 234.40 sfr, while Clariant was up 0.20 or 1 pct at 20 sfr, on continuing takeover speculation.Rival Ciba also outperformed, adding 1.4 pct or 1.15 sfr at 85.05.Credit Suisse was another notable loser, down 0.45 sfr at 85.35, while UBS was off 0.05 at 76.55 sfr.Other top gainers included Nobel Biocare, up 8 sfr or 2 pct at 400.5, and Synthes trading 3.10 sfr or 1.9 pct higher at 163.90.Among companies due to report results tomorrow, Logitech was down 7 sfr at 36.10, Barry Callebaut was up 0.50 at 647, Geberit added 21 at 2,038, and Saurer was flat at 132 sfr.afx.zurich@afxnews.comjmt/tc/at/vlbCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
|
|
|
|
Print this Story
Swiss shares close up after reaching new record high; chemicals down 