Zurich (AWP) – The Swiss Stock Exchange finished in dispersed order Thursday, the day after the decision of the American Federal Reserve (Fed) not to touch its rates, pointing to jobs on employment and prices. Plusted by its three heavy goods vehicles, the SMI ended below 12,100 points, at the lowest of the day.
In new York, Wall Street advanced in the morning, optimizing the news of a trade agreement between the United States and the United Kingdom, and benefiting from the wait-and-see position of the American Federal Reserve (Fed).
The New York place mainly reacts to “positive news on the commercial front”, commented to AFP Adam Sarhan, of 50 Park Investments. “If the United States is starting to conclude more agreements, it can easily help the market to straighten up,” he said, noting that China “said he was ready to discuss” with Washington.
Investors also appreciated the prudent and patient position of Jerome Powell, president of Fed, during the press conference of the monetary institution on Wednesday. He clearly indicated “that he relies on the data, so the market knows that the Fed remains healthy,” noted Mr. Sarhan.
The SMI ended up 0.43% with 12,061.72 points, lower of the day and with a higher at 12’188.89. The SLI won 0.16% at 1967.84 points and the SPI ceded 0.17% to 16,494.66 points. Out of the thirty star values, twenty have progressed and ten remote.
Adecco (+11.7%) precedes Straumann (+4.1%) and Vat Group (+3.7%) on the podium of the day.
The personnel placement specialist experienced a new contraction of his revenue and his profitability, less than feared, over the first three months of the year. Management highlights a sequential sliding recovery primer to evoke a “moderately positive” dynamic.
The Holcim cement maker (+1.2%) outperformed. On the occasion of the next the general Assembly, the Ethos Foundation intends to oppose the remuneration of 48 million Swiss francs by President Jan Jenisch and the election of his replacement.
The good rock (-3.4%) finished red lantern, behind Zurich Insurance and Swiss Re (each -1.7%) and Nestlé (-1.2%).
Zurich Insurance posted a solid year start, with raw bonuses growing in damage and accident insurance (P&C) of 5% over one year at 13.32 billion dollars. The group says it is confident to achieve its objectives, despite the fire -related charges in Los Angeles.
The day before, Nestlé Waters, put in notice by the Prefect of Gard, promised to seek a solution to withdraw his controversial microfiltration system of Perrier water, thus hoping to convince the authorities to renew the authorization to operate the famous green bottles as “natural mineral water”.
The third heavy goods vehicle, Novartis (-0.8%) also weighed on the index.
The Swisscom operator (-1.0%) saw its turnover flying off the first three months of this year, from almost 40%in annual shift, to 3.76 billion Swiss francs, a reflection of the acquisition of Vodafone Italia finalized at the end of 2024. The net profit has plunged almost a fifth (-19.3%) to 367 million.
On the expanded market, the Docmorris online apothecary (-8.0%) unveiled a few hours before its general assembly, the details of the expected capital increase of around 200 million Swiss francs. Announced in early April, this funding contribution is intended to feed its growth while waiting to generate profits.
The specialist in structured products Leonteq (+1.5%) revised the number of members in its downward management committee. It will go from seven to five members, in order to facilitate and accelerate decisions.
The Argovian subcontractor of the aeronautical industry Montana Aerospace (+12.0%) had a favorable start to the year for its two divisions, which allowed him to achieve sales growth of 15.1% over one year at 408.8 million euros. Operational profitability has proven to be even stronger, while net profit has been almost doubled.
The first quarter turned out to be complicated for the Valiant banking group (-1.6%). Its revenue and operational profitability have been packed and the mortgage volumes have been a treading. Net profit nevertheless increased by 3.2% over one year to 32.7 million Swiss francs.
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