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Partners Group, Roche, Swatch, Syngenta May Move: Swiss Equity Preview
The following companies’ shares may be active in Zurich. Stock symbols are in parentheses after company names. Prices are from the last close.
The Swiss Market Index of the biggest and most actively traded companies rose 67.06, or 1.1 percent, to 6400.71.
Partners Group Holding AG (PGHN SW): The money manager which is focused on private equity investments said first-half profit rose to 156.6 million Swiss francs. The stock rose 1.3 francs, or 0.9 percent, to 147.20 francs.
Roche AG (ROG VX): The world’s biggest maker of cancer treatments was downgraded to “neutral” from “buy” at BofA Merrill Lynch Global Research. The shares gained 2.5 Swiss francs, or 1.8 percent, to 142.2.
Swatch Group AG (UHR VX): The Swiss watchmaker’s namesake Swatch brand may reach sales of 1 billion Swiss francs ($980 million) next year, Chief Executive Officer Nick Hayek Jr. told Le Temps. The stock rose 3.80 francs, or 1.1 percent, to 343.70 francs.
Syngenta AG (SYNN VX): The world’s largest maker of agricultural chemicals will have profitable growth from next year as the prices of its products stabilize and volume sales of its crop-protection products and seeds increase, Chief Executive Officer Michael Mack was quoted as saying by Finanz & Wirtschaft. The stock rose 2.30 francs, or 1 percent, to 243 francs.
To contact the reporters on this story: Tom Mulier in Geneva at tmulier@bloomberg.net; Adam Haigh in London at ahaigh1@bloomberg.net.
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