MARKET COMMENT: Zurich Stocks Close Slightly Higher
January 08 2013 - 12:34PM
Dow Jones News
1703 GMT [Dow Jones] SMI closes slightly higher, up 0.4% at
7074.52, boosted by the pharmaceutical sector and defensive stocks.
Actelion is the day's biggest climber, gaining 3.4% on positive
comments by its CEO, Jean-Paul Clozel, ahead of an investor
meeting. Also supporting gains in the index are increases by
heavyweights Roche, up 1.3%, and Novartis, up 0.6%. Elsewhere on
the index, cyclical stocks dip slightly, following disappointing
German industrial-order data and unemployment figures from the euro
zone. Building supplies company Geberit, which has Germany as its
largest market, is the day's biggest loser, dropping 0.9%.
(john.revill@dowjones.com)
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