"The performance here is that Nestlé slightly accelerated its volume growth in the second quarter, a unique result in the sector"
- Analysts at Vontobel Research
Swiss stocks advanced on Thursday after Nestlé SA, the world largest food company by sales, reported earnings that beat analysts' forecasts.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies gained 0.73%, or 47.29, to 6,505.29. The broader Swiss Performance Index advanced 0.70%, or 41.83 points, to 6,016.03.
"The performance here is that Nestlé slightly accelerated its volume growth in the second quarter, a unique result in the sector," said analysts at Vontobel Research in a note.
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