Zurich Stocks Close 0.5% Higher
29 October 2013 - 4:40AM
Dow Jones News
ZURICH--SMI closes 0.51% higher Monday at 8291.10, with 16
stocks rising and four falling. The country's biggest bank, UBS AG
(UBSN.VX), rises 1.4% a day ahead of its scheduled third-quarter
earnings report, while shares of fellow banking giant Credit Suisse
Group AG (CSGN.VX) falling 0.3%, days after issuing a disappointing
profit result for the period. Shares of private bank Julius Baer
Group AG (BAER.VX) rise 1.2%. Zurich Insurance Group AG (ZURN.VX)
sees its shares rise 1.1% after the insurance giant was upgraded in
an analyst report. Reinsurance major Swiss Re AG (SREN.VX) gains
0.6% ahead of the firm's earnings report scheduled for next
week.
Write to Zurich bureau at zurichdjnews@dowjones.com
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