MARKET COMMENT: Zurich Stocks Finish Session Firmly Lower
27 July 2013 - 2:42AM
Dow Jones News
1611 GMT [Dow Jones] SMI ends 0.9% lower at 7796.84. ABB, which
had reported disappointing earnings Thursday, falls 1.1% after
announcing the completion of an acquisition in the US. Novartis and
Roche shed 1.2% and 0.7% respectively. Credit Suisse manages a 0.1%
gain following a warm appraisal of 2Q results from Fitch. Fellow
banks UBS and Julius Baer drop 0.5% and 0.1% respectively. The
broader market also slides, with the SPI falling 0.8%. Galenica
bucks the trend, rising 8% after winning US FDA approval for an
anemia drug. (zurichdjnews@dowjones.com)
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