September 20, 2017 / 4:54 AM / a year ago

Swiss stocks - Factors to watch on Sept. 20

ZURICH, Sept 20 (Reuters) - The Swiss blue-chip SMI was seen opening 0.2 percent lower at 9,077 points on Wednesday, according to premarket indications by bank Julius Baer .

The following are some of the main factors expected to affect Swiss stocks:


The Swiss chemicals maker reconfirmed its commitment to its planned merger with Huntsman, saying the deal had a strong strategic rationale, after one of its shareholders repeated its opposition.

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Swiss drugmaker Novartis on Wednesday said it had won European Union approval for Rydapt to be used against a mutated form of acute myeloid leukemia (AML) and other rare diseases, adding to U.S. approvals it secured in April.

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* UBS may be more at risk from a continued lack of client activity than peers because it’s more dependent on customers trades, the head of its investment banking operations told reporters in Hong Kong on Tuesday, Bloomberg reported.

* Kuehne & Nagel said Sanofi awarded it a logistics contract to manage its warehouse activities in Geel, Belgium. The logistics company will also hold its investor day on Wednesday.

* Peach Property Group said it was increasing the target volume for its convertible hybrid bond from 25 million Swiss francs ($26.01 million) up to 59 million francs due to strong demand.

* Pax Anlage said it was naming Thomas Hasse Biniasch as its new Chief Executive, effective September 20, replacing Paul-Henri Guinand.

* Lalique Group said its group net profit rose to 3 million euros in the first half of 2017, up from 0.6 million euros the luxury goods company reported a year earlier.

$1 = 0.9613 Swiss francs Reporting by Zurich newsroom

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