The Swiss Stock Exchange, despite the decline in Novartis

The Swiss Stock Exchange accelerated Thursday as it approaches mid-day, despite the small form of its heavy goods vehicles. Similarly, The semi -annual results season was launched with the publication of the figures for Novartis. Therefore, ABB and the surprise guest Swatch Group.

“The latest developments comfort us in the idea that Asia offers interesting opportunities for investors looking for effective diversification. In addition, of their portfolios. Nevertheless, The tariff. Furthermore. For example, macroeconomic risks lessened, we expect Asian actions of choice to outperform some of their counterparts in developed markets, including European, “commented UBS analysts.

In terms of macroeconomic news. investors will be interested in inflation in the euro zone in June. as well as retail sales in the United States. swiss stock exchange, despite decline new In Japan. car exports to the United States has dropped a quarter over a year again in June. weighed down by the swiss stock exchange, despite decline impact of customs surcharges imposed by Washington.

In Switzerland. foreign trade fell in the second quarter, both in terms of exports and imports, after the previous quarter record. The chemical and pharmaceutical product sector was the main cause.

Around 11:05 am, the SMI star index took 0.53% to 11,972.36 points, the SLI advanced 0.66% to 1982.48 points and the SPI gained 0.56% to 16,696.88 points. The vast majority of the star values were in the green. with the exception of Richemont, Julius Baer, Lonza, Novartis and Nestlé.

Novartis (-0.4%) saw its quarterly turnover grow 12% to 14.05 billion dollars. Net profit excluding factors deemed non -recurrent has grown from almost 18% to 4.71 billion. In addition, the group is ready to pay up swiss stock exchange, despite decline new to 10 billion to buy its actions.

The other two large capitalizations Roche (+0.4%) and Nestlé (-0.2%) evolved in opposite directions.

On the other hand, ABB (+7.0%) swiss stock exchange, despite decline jumped, hoisting itself on the first step of the podium. The electrical engineering giant exceeded forecasts in the second quarter: order entries jumped 16% over one year to 9.79 billion dollars, while turnover has taken 8% to 8.9 billion. Net profit was 1.15 billion, up 5% in annual comparison.

VAT Group (+3.2%) and Schindler (+1.9%), which must publish its results in the second quarter on Friday, completed the provisional podium.

The Swatch Group carrier (+0.8%) was gaining ground, but less than in the first exchanges. The watchmaking group suffered a drop in sales of 10.4% in the first half of 3.1 billion francs, due to the great difficulties on the Chinese market.

Conversely, its competitor Richemont (-2.3%) seemed swiss stock exchange, despite decline new to suffer from several lowering of course objectives, notably from Morgan Stanley and Bank of America.

On the enlarged market, SFS (+2.2%) advanced. The St-Gallois specialist in fixing systems has certainly suffered swiss stock exchange. despite decline a drop in net profit in the first half. but announced at the same time measures, which include factories. About 650 jobs are threatened.

Medartis (+2.6%) announced the acquisition of the 53% that he did not yet hold in his Kerimical counterpart for 99 million francs in cash. to which will be added any steps payments by the end of 2027.

DKSH (-4.5%) signed a solid performance between January and June, despite an always uncertain environment. The group also confirms its forecasts for 2025.

Cosmo (-1.1%) announced the launch of Winlevi cream. its treatment against acne. Singapore and Malaysia, a first in the Southeast Asia region, carried by the partnership with Hyphens Pharma swiss stock exchange, despite decline new International Limited. (Awp)