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The Swiss Stock Market Finished With A Significant Gain

The Swiss stock market ended the first session of the new trading week with a strong gain. The solid performance of the index heavyweights provided support to the overall market. Investor sentiment also received a boost from some positive economic data.

Official data released over the weekend which showed activity in China's vast manufacturing sector grew at the fastest pace since 2012 in September. The euro area manufacturing also sector grew the most in over six-and-a-half years in September. Activity in the U.S. manufacturing sector also unexpectedly grew at a faster rate in the month of September.

The Swiss Market Index increased by 0.92 percent Monday and finished at 9,242.15. The Swiss Leader Index climbed 0.58 percent and the Swiss Performance Index added 0.89 percent.

The index heavyweights all finished with significant gains Monday. Roche climbed 1.3 percent and Novartis gained 1.6 percent. Shares of Nestlé also finished higher by 1.5 percent.

Sonova advanced 2.3 percent and Lonza added 1.5 percent. Bernstein raised its price target on shares of Sonova.

Sika and Lonza both closed higher by 1.2 each. ABB rose 1.0 percent, while Adecco and Clariant gained 0.9 percent each. Swatch finished up by 0.6 percent and Kuehne + Nagel added 0.7 percent.

by RTTNews Staff Writer

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