Good performance by the pharmaceutical group and significant losses in the shares of the food giant have led to a switch at the top. Nestlé currently has a market capitalisation of around CHF230 billion compared to CHF232 billion for Roche. This is due not least to the contrasting share price performance since mid-June. While Nestlé shares have been on a steady downward trend since then, Roche shares have experienced a real renaissance.
The presentation of Nestlé’s figures on Thursday as part of its half-year reporting did not help matters. At CHF87.56 per share, they are worth as much as they did at the beginning of 2019.
Roche shares on the other hand – the larger and more liquid of the two Roche classes – have been unstoppable since their low in mid-May. After a weak phase in the first half of the year, everything seems to be back to normal for investors.
Meanwhile, at number three on the Swiss stock exchange, the pharmaceutical rival Novartis, with a market capitalisation of CHF213 billion, is not far behind.
Adapted from German by DeepL/ac
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to english@swissinfo.ch.
External Content
Your subscription could not be saved. Please try again.
Almost finished… We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.
Popular Stories
More
Demographics
How retiring baby boomers could crash Swiss property market
Swiss Solidarity raises CHF17 million for landslide-hit Blatten
This content was published on
The fundraiser Swiss Solidarity has received donations of CHF17 million for the Valais village buried by a landslide on May 28.
Ruag reaches deal with German firm on 25 disputed Leopard tanks
This content was published on
The Swiss defence contractor has settled an old dispute with Global Logistics Support (GLS) regarding 25 Leopard 1 tanks.
Swiss Federal Railways launch pilot project for invisible disabilities
This content was published on
The Railways will offer sunflower badges to passengers with non-visible disabilities to help draw attention to their needs.
This content was published on
In 1985, five European states laid the foundations for a common area without border controls. Switzerland joined in 2008.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.