The Swiss Stock Market Climbed As Nestlé Shares Surged

The Swiss stock market ended Friday’s session with a significant increase. The market climbed in early trade and settled into a sideways patter in the afternoon. The strong performance from index heavyweight Nestlé provided a boost to the overall market.

Investors were encouraged by the news that Greece’s creditors reached an agreement to release the next tranche of funds to Athens. Meanwhile, the crisis in the White House and the disappointing U.S. housing start data had little impact on the market.

The Swiss Market Index increased by 1.25 percent Friday and finished at 8,963.29. The SMI ended the trading week with an overall gain of 1.3 percent. The Swiss Leader Index climbed 1.18 percent Friday and the Swiss Performance Index added 1.28 percent.

Investors were focused on the successful debut of Idorsia at the end of the trading week. The stock ended its…

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