The Swiss Stock Market Finished With A Slight Increase

(RTTNews) - The Swiss stock market ended Wednesday's session with a very slight gain. The market got off to a weak start, but quickly climbed back into positive territory, rising back above the 9,300 point level. U.S. economic data had little impact on the market in the afternoon.

The Greek parliament is set to vote on the deal agreed by Eurozone leaders today, in exchange for a new bailout. The deal needs to be approved by the other 18 national parliaments of the euro area before starting fresh negotiations. Eurozone finance ministers will hold a conference call on Wednesday to discuss the Greece situation.

The Swiss Market Index rose by 0.09 percent Wednesday and finished at 9,319.25. The Swiss Leader Index advanced by 0.22 percent and the Swiss Performance Index gained 0.06 percent.

Syngenta papers surged by 4.2 percent. According to media reports, hedge fund investor John Paulson supports Monsanto in its takeover efforts for Syngenta. Syngenta shareholder Henderson Global is also reportedly dissatisfied with Syngenta management's handling of the proposed takeover.

UBS climbed by 2.0 percent Wednesday and Credit Suisse added 0.3 percent. Julius Baer fell by 0.4 percent, after UBS downgraded its rating on the stock to "Neutral" from "Buy."

Galenica gained 1.2 percent, after Deutsche Bank increased its price target on the stock and confirmed its "Buy" rating. Baloise rose by 0.9 percent and Zurich Insurance added 0.7 percent. Givaudan advanced by 0.6 percent and SGS gained 0.3 percent.

Schindler was the top decliner of the session, with a decrease of 2.6 percent. Aryzta was a close second, dropping by 2.4 percent. Transocean fell by 2.1 percent, ABB by 1.3 percent and Richemont lost 0.8 percent.