SWX:NESN.S 10 January 2026 - 31 January 2026

France lowered the safety limit for cereulide toxin in infant formula Saturday, prompting more recalls and investigations into two infant deaths. Nestle shares closed at 73.43 Swiss francs Friday, down 0.07%, with trading paused until Monday. Danone recalled Aptamil batches in Germany, while French authorities and Foodwatch pursue legal action. New EU food safety guidance is expected Feb. 2.

Nestle shares fell 0.73% to 74.69 Swiss francs Monday as the Swiss Market Index dropped 1.02% amid broad European losses. The decline followed U.S. tariff threats tied to the Greenland dispute and ongoing fallout from Nestle’s recent infant nutrition recall. The Swiss franc posted its strongest daily gain against the dollar in a month. Nestle’s stock is down about 5.1% for 2026 so far.

Singapore’s Food Agency ordered recalls of two more infant formula products, including Nestlé NAN HA1 SupremePro, after detecting cereulide toxin. Nestlé shares fell 1.7% Friday, closing at 75.24 Swiss francs, near a 52-week low. One mild illness was reported. The company halted sales of the affected batch and offered refunds.

Nestle shares rose 1.4% to 75.41 francs Friday but ended the week down 1.3% after new infant formula recalls in Ethiopia and the UK. Regulators flagged batches over potential cereulide toxin contamination; no illnesses reported. Investors are focused on the recall’s impact ahead of Nestle’s Feb. 19 results.