May 5, 2017 / 4:51 AM / 6 months ago

Swiss stocks - Factors to watch on May 5

ZURICH, May 5 (Reuters) - The Swiss blue-chip SMI was seen opening 0.2 percent lower at 8,965 points on Friday, according to premarket indications by bank Julius Baer .

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


ChemChina has won more than enough support from Syngenta shareholders to clinch its $43 billion takeover of the Swiss pesticides and seeds group, the two companies said.

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The Swiss mail-order pharmacy said it has hired investment banks UBS and Berenberg to look at a possible public listing of shares.


Swiss stock exchange operator SIX is adjusting its blue-chip SMI index family, capping the weighting of the largest shares at 18 percent as of Sept. 18, SIX said.

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* Kuehne und Nagel International said it signed a five-year contract with Leonardo, an aerospace, defence and security industries company.

* Datacolor AG posted net sales of $34.9 million in the first half of 2016/17 and net profit of $3.4 million.

* Pargesa said net income stood at 124.6 million Swiss francs in Q1 2017, compared with a net loss of 371.3 million francs in Q1 2016.


Reporting by Zurich newsroom

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