The Swiss Stock Market Finished With A Modest Gain Friday

(RTTNews) - The Swiss stock market ended Friday's trading session with a slight gain. The market got off to a weak start, before staging a recovery and settling into a narrow range. The trading session was relatively quiet, with little market moving news.

The better than expected Eurozone consumer confidence data was viewed positively by investors, as well as the GDP data from Germany and the U.K. The weaker than expected U.S. new home sales data released in the afternoon had little effect on the market.

The Swiss Market Index increased by 0.23 percent Friday and finished at 8,006.90. The SMI finished the trading week with an overall gain of 0.6 percent. The Swiss Leader Index climbed by 0.40 percent Friday and the Swiss Performance Index gained 0.25 percent.

Swiss Life was one of the biggest gainers at the end of the trading week, with an increase of 2.4 percent. Swiss Re climbed by 1.6 percent and Baloise added 1.2 percent. Credit Suisse finished with a gain of 1.0 percent and UBS rose by 0.7 percent.

Cyclical stocks were also among the positive performers Friday. Clariant increased by 1.1 percent and Holcim added 1.3 percent. Transocean advanced by 0.9 percent, Geberit rose by 0.6 percent and Sika climbed by 0.9 percent.