The Swiss stock market edged higher on Monday.
There was some early weakness, but stocks rebounded through the session. Sentiment was boosted by news out of Greece. The government in Athens reached an agreement with international lenders on the outline of another multi-billion austerity package.
The benchmark SMI posted a fractional gain, finishing at 6,463.01. The index reached as high as 6,486.52 before pulling back a bit before the close. The SLI showed a stronger advance, rising by 0.55 percent to end at 956.33. The SPI climbed 0.17 percent to 5,972.98.
The market was boosted by gains in insurance stocks and in economically-sensitive shares. However, there were some losses in some index heavyweights that held back the SMI.
by RTT Staff Writer
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