"We're just seeing a consolidation after the strong market move last week"
- Konstantin Giantiroglou, head of investment advisory at Neue Aargauer Bank
Swiss stocks edged slightly higher on Monday.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, gained 0.02%, or 1.47 points, to 6,463.01. The broader Swiss Performance Index rose 0.17%, or 10.00 points, to 5,972.98.
"We're just seeing a consolidation after the strong market move last week," said Konstantin Giantiroglou, head of investment advisory at Neue Aargauer Bank in Brugg, Switzerland.
"Yields for Italian and Spanish bonds are coming down further, which is a very positive movement and should bolster equity markets going forward. Defensive names like Roche and Nestle are suffering a bit amid the thawing of the market, limiting gains for the SMI."
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