FRANKFURT (dpa-AFX) - Symrise shares topped the DAX on Wednesday, reaching a high since the end of May. The share price recently climbed by 2.5 percent to 101.80 euros. As a result, the shares moved more clearly upwards from the 200-day line, which was recently broken.

Analyst Lisa De Neve from the US bank Morgan Stanley declared Symrise shares to be her favorites in the sector in a study on the Swiss counterparty Givaudan. The prospects for volume growth and a recovery in margins are better for Symrise than for Givaudan.

One trader was also positive that Symrise had bought further shares in Swedencare, for which the company had made a takeover bid at the beginning of June. "Symrise is clearly showing its determination," the trader commented on the new share purchases.

According to a Symrise statement, the company paid up to 58.50 Swedish kronor per share for the Swedencare shares on the market - a premium of a good 7 percent on Monday's closing price. Symrise now holds a good 35 percent of the Swedencare shares, it added./bek/la/jha/