BRUSSELS (dpa-AFX) - The Swiss stock market ended Friday's session with a small increase, extending its recent gains. After reaching the 9,300 point level for the first time since the summer of 2015 during yesterday's session, the market managed to close above that level today.
The Swiss market fluctuated between small gains and losses Friday, but the early gains on Wall Street helped to push it higher in late trade. The U.S. markets climbed following the release of some upbeat economic data, including a surge in retail sales and the better than expected consumer sentiment report.
The Swiss Market Index increased by 0.15 percent Friday and finished at 9,311.69. The SMI ended the trading week with an overall gain of 0.6 percent. The Swiss Leader Index climbed 0.18 percent Friday and the Swiss Performance Index added 0.17 percent.
Clariant was among the top performing stocks of the session, with an increase of 2.2 percent. Aryzta also finished higher by 1.0 percent.
Julius Baer climbed 0.9 percent and Swiss Life rose 0.6 percent. UBS gained 0.5 percent and Credit Suisse added 0.3 percent. The bank stocks benefitted from the solid earnings reports from U.S. competitors JP Morgan, Bank of America and Citigroup this week.
Index heavyweight Nestlé advanced 0.7 percent. However, Roche and Novartis dipped by 0.1 percent each.
Swatch decreased 0.9 percent and Sika weakened by 1.1 percent.
Copyright RTT News/dpa-AFX