The Swiss stock market ended Tuesday's session in positive territory. The market fell into the red in early trade Tuesday, due to sluggish economic data from Europe, especially the weaker than expected German investor confidence data.
However, the market climbed into the green in the second half of the session. The positive performance of the U.S. markets gave the market a lift in late trade. The SMI reached a new multi-year high of 8,193 points during the trading session.
The Swiss Market Index increased by 0.49 percent Tuesday and finished at 8,187.75. The Swiss Leader Index climbed by 0.55 percent and the Swiss Performance Index gained 0.47 percent.
Transocean was one of the largest gainers during Tuesday's session, with an increase of 1.8 percent. There was no relevant news for the stock's move. Luxury goods companies were up after Switzerland announced the completion of a free trade agreement with China on Monday. Swatch rose by 1.5 percent, while Richemont added 0.06 percent.
The index heavyweights provided support to the overall market with their positive performance. Roche increased by 0.5 percent and Novartis climbed by 0.3 percent. Shares of Nestle advanced by 0.4 percent.
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