Swiss Market Index

Swiss Market Index

The Swiss Market Index (SMI), also known as the Swiss Performance Index and the SPI, is a major stock market index comprised of the top 20 most highly capitalized and liquid Swiss companies that trade on the SIX Swiss Exchange. The SMI’s goal is to accurately reflect the general performance of the Swiss securities market, making it one of the weakest in Europe and requiring a lot of attention and research.

The SMI is a free float-adjusted market capitalization index that records the average daily performance of the Swiss market. Float-adjustment means that a companys daily value depends on the number of shares that are available to trade. Since the SMI is based on the top 20 companies in the Swiss market, its components are expected to remain relatively constant. The index is weighted according to the market capitalization of each company in order to accurately reflect the influence of each company on the Swiss market.

The companies included in the SMI are carefully screened and evaluated by Morgan Stanley Capital International Europe (MSCI), based on the criteria of liquidity and representativeness. Companies that are included in the index must be listed on the SIX Swiss Exchange, have a float adjustment factor that is greater than or equal to 15%, have a minimum average daily volume of SEK 500, 000, and must be from the healthcare, pharma, industrials, technology, telecommunications, and utilities sectors.

The SMI is an invaluable tool for investors who want to better understand the Swiss stock market, as well as get an idea of how the top Swiss companies are performing. It can provide insights into the performance of the entire Swiss market or a particular sector or industry. It can also be used to compare the Swiss market to other international markets.

The SMI has been around since 1988 and is one of the key benchmark indices in the Swiss market. It is highly regarded by both investors and analysts alike as it is one of the most comprehensive and representative indices in Europe. The SMI is an important part of Swiss life and is often used to gauge the performance of the Swiss economy.

In addition to the SMI, there are also other indices in Switzerland used to benchmark the Swiss market. These include SMI SLI, which tracks the performance of the top 30 largest companies in the Swiss market, and the Dow Jones Index, which tracks the 30 largest Swiss companies listed on the Swiss stock exchange.

Overall, the SMI is an invaluable tool for investors who seek to understand the performance of the Swiss markets. It provides insights into the performance of the Swiss stock market, as well as helps investors compare the performance of Swiss stocks to other markets. As the Swiss market is often overshadowed by other indices, the SMI helps make it easier for investors to access and analyze stocks in Switzerland.

The Swiss Market Index (SMI) is an important index of the Swiss stock exchange. The index includes the 20 most important and highly capitalized Swiss stocks that trade on the stock exchange. The index reflects the performance of the top Swiss companies and it has become a benchmark for the overall performance of the Swiss stock market.

The Swiss market index is made up of stocks from major Swiss companies including Nestlé, Roche, Novartis, UBS, Swiss Re, ABB and Zurich Financial. These companies represent sectors like Healthcare, Financials, Energy, Industrials and Materials. As of December 2019, the weightings of individual shares in the SMI are the following: Nestlé (14.53%), Roche (14.19%), Novartis (13.16%), UBS (8.99%), Swiss Re (7.43%), ABB (6.53%) and Zurich Financial (6.39%).

The SMI index began operations on January 1, 1988 with a base value of 1,000 points and is calculated in real time by SIX Swiss Exchange and is updated every 15 seconds. The SMI index is the most important index in Switzerland and is often used to gauge the performance of the Swiss economy. This index is also used by investors and traders as a leading indicator when making decisions about investments.

The SMI index is a broad-based index and is designed to be an indicator of Switzerland’s overall economic performance. The SMI index is highly correlated to other European markets, such as the Germany DAX index, the France CAC 40 index and the UK FTSE index. This is because these economies are closely linked and share many of the same factors that influence their performance.

The SMI index is a great way for investors to gain insight into the Swiss stock market and its overall performance. This index also provides investors with up-to-date information about the performance of some of the biggest and most influential companies in Switzerland. This can be used to inform their investment decisions and track their portfolios.