The Swiss Stock Market Bounced Back From Yesterday's Decline

(RTTNews) - The Swiss stock market ended Wednesday's session with a gain, following yesterday's pull back. The European Central Bank left its key interest rates unchanged on Wednesday, at a record low 0.05 percent. ECB President Mario Draghi stated that asset purchases are proceeding as planned and will continue until there is a sustained shift in the inflation path.

The situation in Greece remains in focus as debt negotiations continue. Greek Prime Minister Alexis Tsipras is set to meet European Commission President Jean-Claude Juncker on Wednesday in Brussels and will be presented with what is dubbed "the final offer" from creditors - the European Union, the European Central Bank and the International Monetary Fund.

The Swiss Market Index climbed by 0.53 percent Wednesday and finished at 9,253.30. The Swiss Leader Index advanced by 0.74 percent and the Swiss Performance Index added 0.57 percent.

Credit Suisse surged by 3.9 percent, after RBC Capital Markets upgraded its rating on the stock to "Outperform." The broker also raised its price target on the stock. Shares of UBS also climbed by 0.9 percent.

Clariant increased by 2.1 percent Wednesday, following yesterday's pull back. Lonza also rose by 1.1 percent, regaining some of yesterday's lost ground.

Swatch gained 2.0 percent, while competitor Richemont added 0.3 percent. ABB finished higher by 1.9 percent, after Safra Sarasin upgraded its rating on the stock to "Buy."

Among the index heavyweights, Roche increased by 0.5 percent and Novartis climbed by 0.7 percent. However, shares of Nestle dropped by 0.8 percent.

Aryzta was again the weakest performing stock, falling by 5.1 percent. The stock sank by 9.2 percent yesterday, after its weak financial report and renewed profit warning.