The trading session lacked any major market moving news. The German IFO business confidence data came in weaker than anticipated Monday and the U.K. market was closed for a banking holiday.
The Swiss Market Index climbed by 0.24 percent Monday and finished at 6,491.28. The Swiss Leader Index rose by 0.46 percent and the Swiss Performance Index gained 0.25 percent.
Financial stocks performed well at the start of the new trading week. UBS climbed by 1.3 percent, Julius Baer gained 1.1 percent and Credit Suisse rose by 0.1 percent. Baloise finished higher by 0.7 percent and Zurich Insurance added 0.3 percent.
Cyclicals were also among the positive performers Monday. Transocean rose by 2.9 percent and Nobel Biocare closed up by 1.9 percent. Sonova increased by 1.5 percent and Kuehne + Nagel and Adecco both gained 0.9 percent.
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