STOCK MARKET REPORT by CEO Silvano Grimaldi of the independent asset management company GRIMALDI & PARTNERS Ltd.

MONTHLY REVIEW

The international stock markets ended the month of MARCH with slight gains.

AFFECTING FACTORS

Ongoing concerns in the banking sector about the bankruptcy of the US Silicon Valley Bank and the troubled major Swiss bank Credit Suisse.

EQUITIES IN FOCUS

NOVARTIS - Study success with breast cancer drug gives Novartis a boost

The Swiss pharmaceutical giant Novartis has sparked hopes of a boost in sales among investors after the study success of its breast cancer drug Kisqali.

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MONTHLY OUTLOOK

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STOCK RECOMMENDATION: NOVARTIS

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