Swiss stocks advanced, led by gains in chemicals companies and banks.
Syngenta AG, the Basel, Switzerland-based pesticides maker, climbed 1.7 percent. UBS AG added 0.8 percent.
The Swiss Market Index of the biggest and most actively traded companies rose 0.5 percent to 6,527.16 at 10:28 a.m. in Zurich. The benchmark has rallied 8.4 percent since March 16 as company earnings exceeded estimates. The broader Swiss Performance Index increased 0.5 percent.
Syngenta added 1.7 percent to 292.5 Swiss francs after announcing the launch of Vibrance, a seed treatment fungicide based on the new active ingredient sedaxane.
UBS, Switzerland’s largest bank, increased 0.8 percent to 16.25 francs, its first gain in six days.
Bucher Industries AG rose 1.6 percent to 209.3 francs. The agricultural machinery maker said its Kuhn Group unit has a licensing and manufacturing agreement with Deere & Co. to cooperate on large square balers.
“The strategic cooperation with the world’s leading farm equipment producer underpins Kuhn’s product and manufacturing strengths in farming,” Fabian Haecki, an analyst at Vontobel Holding AG, wrote in a note to clients today.
Dufry Group climbed 1 percent to 109.6 francs after surging 6.7 percent yesterday.