Zurich stock exchange: SMI evolves close to new historic high

Zurich (awp) – The Swiss stock exchange remained anchored in the green Monday afternoon. The SMI had jumped from the opening and it was evolving close to its new historic high, around 12,880 points. The front for macroeconomic and business news was virtually flat.

In New York, Wall Street was heading for a positive opening.

Around 2:40 p.m., the SMI gained 0.73% to 12,878.12 points, the SLI 0.68% to 2066.70 points and the SPI 0.68% to 16,431.62 points. Of the 30 star stocks, 26 rose and 4 retreated.

Logistician Kühne + Nagel and Swisscom (each -0.5%) shared the red lantern behind Vifor and Swiss Re (each -0.1%).

At the other end, Lonza (+ 2.8%) led the way, followed by Alcon (+ 2.0%) and AMS Osram and Roche (each + 1.5%).

The United States Medicines Agency (FDA) granted emergency use authorization on Friday evening for a new self-test for the Roche coronavirus. Swissmedic for its part granted the green light on Monday to the drug Ronapreve from Roche, a combination of antibodies that can be used for the purposes of treatment or prophylaxis of Covid-19.

Novartis (+ 0.4%) and Nestlé (+ 0.1%) remained more discreet.

According to the Sunday newspaper NZZ am Sonntag, the days of Novartis chief executive Vasant Narasimhan at the head of the group could be numbered.

On the enlarged market, Leclanché (+ 5.2%) announced last Thursday the creation of a new Swiss legal entity 100% owned by Leclanché SA: Leclanché E-Mobility. The group intends to merge this unit with a specific purpose acquisition company (Spac) in the United States.

Evolva (+ 4.5%) has reached an agreement with the investment company Nice & Green for financing up to a maximum of 12 million Swiss francs.

The coming year will have been a challenge for the industrial group Bucher (+ 0.5%), said managing director Philip Mosimann in an interview with NZZ am Sonntag. The boss doesn’t believe the new variant of the coronavirus, Omicron, will cause factories to shut down.

Calida (+ 0.4%) obtained a firm takeover offer for the French Millet Mountain Group, the sale of which was announced last June. Jean-Pierre Millet, grandson of the founders of Millet, has indeed submitted an offer with Inspiring Sport Capital.

Meyer Burger (-0.7%) wants to produce solar modules in the United States. A production site is scheduled to come on stream at the end of 2022 at Goodyear, Arizona.

rp / fr

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