The Swiss market commenced on a soft note Friday morning but quickly regained strength, continuing to ascend throughout the day and eventually closing robustly.
Investor sentiment was buoyed by raising expectations of a potential interest rate cut by the Federal Reserve in September, coupled with some promising earnings reports.
The benchmark Swiss Market Index (SMI) concluded the session with a gain of 135.95 points or 1.12%, finishing at 12,241.49, just shy of the day's peak at 12,250.56.
Lonza Group surged 3.79%, while Roche GS, Richemont, Sandos Group, Roche Holding, and ABB posted gains ranging from 2% to 3.1%.
Schindler Ps, Logitech International, UBS Group, Sika, Alcon, Sonova, Geberit, VAT Group, and SIG Group also recorded increases, climbing between 1% and 1.6%.
Swiss Re advanced nearly 1%, with Zurich Insurance, Swiss Life Holding, Swatch Group, SGS, Novartis, and Julius Baer also closing on a positive note.
In contrast, Nestlé declined by 1%, while Kuehne + Nagel and Straumann Holding saw marginal decreases.
