On Monday, the Swiss market overcame a modestly weak start, sustaining an upward trend as the day progressed, and eventually concluded on a strong note.
The benchmark SMI, which dipped to 11,362.68 in early trading, finished the day up by 103.36 points, or 0.91%, at 11,488.28, just shy of the day's peak of 11,497.71.
The Swiss market will remain closed from Tuesday to Thursday (December 24 to 26) in observance of the Christmas holidays.
Among the notable gainers, Logitech International, Holcim, Roche Holding, Swiss Re, UBS Group, Kuehne + Nagel, Swiss Life Holding, Zurich Insurance, Novartis, and Sika appreciated by 1% to 1.6%.
UBS Group rose by 1.35% amid reports that the company is considering restructuring some of its operations in France due to a "less favorable" market environment and following the integration of Credit Suisse. The company is said to be presenting the plan to its labor council.
Richemont, Givaudan, Lindt & Sprüngli, ABB, VAT Group, Partners Group, Alcon, Swisscom, and SIG Group recorded gains between 0.5% and 1%.
Conversely, Geberit, Schindler, and Sandoz Group closed with slight losses.
According to a report from UBS & CFA Society, the Swiss investors' sentiment index decreased by 7.6 points from the previous month to -20 in December, marking its fifth consecutive month in negative territory and its steepest decline in this sequence.
