SCMWY Swisscom AG (PK)

1609 GMT Switzerland's SMI stocks index rises 1.04% to 8453.59. Roche jumps 1.27% even after Japan's Chugai denies it's in buyout talks with the Swiss pharmaceutical giant. Fellow drug giant Novartis rises 1.60%, while Actelion, Europe's biggest biotech, adds 1.81%. ABB climbs 0.44% after saying it had landed a contract to install a grid connection in a big U.K. energy project. Banks gain ground with Credit Suisse rising 0.76%; UBS, 1.46%; and Julius Baer, 0.73%. Telecommunications giant Swisscom is the SMI's only decliner, skidding 0.19%. (Write to Zurich bureau at zurichdjnews@dowjones.com)

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