Clariant, Galenica, Kaba, Roche, Swatch: Swiss Equity Preview
The following is a list of companies whose shares may have unusual price changes in Zurich. Stock symbols are in parentheses after company names. Share prices are from the last close.
The Swiss Market Index of the biggest and most actively traded companies advanced 0.9 percent to 6,634.93 in Zurich. The broader Swiss Performance Index gained 0.7 percent, to 5,944.79.
Clariant AG (CLN VX): JPMorgan Chase & Co. raised its price estimate for the world’s biggest maker of printing ink chemicals to 15 francs from 14.20 francs. Clariant rose 2 percent to 17.25 Swiss francs.
Galenica AG (GALN SW): The Bern-based drugmaker’s full-year revenue advanced 6.6 percent to 3.1 billion francs, the company said today in a statement. The shares gained 0.1 percent to 528 francs.
Kaba Holding AG (KABN SW): The provider of electronic security systems said it’s acquiring the Moller Undall Group of Drammen. Moller Undall has 175 employees and generated sales of about 41 million Swiss francs in financial 2010, Kaba said in an e-mailed statement. Kaba increased 1.1 percent to 398 francs.
Nestle SA (NESN VX): UBS AG cut its price estimate for the world’s largest foodmaker to 61 francs from 63 francs. Nestle gained 1.5 percent to 52.65 francs.
Roche Holding AG (ROG VX): The world’s largest maker of cancer drugs said its experimental PLX4032 medicine, which it is developing with Plexxikon Inc., met the goals of a late-stage study in patients with previously untreated metastatic melanoma, extending survival. The stock added 0.2 percent to 140.50 francs.
Swatch Group AG (UHR VX): The world’s largest watchmaker said sales rose 19 percent in 2010, led by demand for luxury brands in Asia, central Europe and the Middle East. The shares lost 0.6 percent to 393 francs.
Transocean Ltd. (RIGN VX): BP Plc, facing billions of dollars in damages and penalties for causing the worst U.S. offshore oil spill, is reviewing its relationships with Transocean and other contractors involved in the catastrophe. Transocean shares rose 2 percent to 78 francs.
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