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Swiss Stocks Advance; SMI Rises 0.7%

3/26/2012 12:05 PM ET

The Swiss stock market gained ground on Monday.

Shares slipped in early trading, but some positive economic data out of Germany helped spark a rebound. Comments later in the day from Federal Reserve Chairman Ben Bernanke helped support the advance.

The benchmark SMI rose 0.69 percent on the day to close at 6,283.26. The SLI advanced 0.73 percent to 963.62. The SPI climbed 0.74 percent to 5,760.04.

Cyclical stocks helped give a boost to the major averages. This included a rise in luxury goods makers, with Swatch rising 1.6 percent and Richemont climbing by 1.5 percent.

by RTT Staff Writer

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