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Swiss Market Index (SMI) |
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Business Times - Malaysia
Oct 5
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LONDON: European stock exchanges posted sharp gains yesterday, driven higher by a better-than-expected rise in US services sector activity.
The London FTSE 100 index climbed 1.44 per cent to 5,635.76 points while in Paris the CAC 40 rose...
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more ▼WIKI ANALYSIS
WIKI ANALYSIS
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This article describes an index that measures the performance of an exchange, industry or a geographic region. View articles referencing this index. |
The Swiss Market Index, or SMI, comprises the 20 largest and most liquid equities in the Swiss Performance Index. It is Switzerland's benchmark index and seen to be a mirror of the overall Swiss stock market. The SMI was introduced on 30 June 1988 at a baseline value of 1,500 points. Its composition is examined once a year.
About 57 percent of the SMI is made up of food and health-care stocks. Nestle makes up 22 percent of the index. Novartis AG (NVS) and Roche Pharmaceuticals (RHHBY) together make up 33% of the index.
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