Swiss Market Index (SMI) Index — Level, Chart & Constituents

What the Swiss Market Index (SMI) measures

The Swiss Market Index (SMI) is a stock market index that tracks the performance of the largest and most liquid companies listed on the Swiss stock exchange. It serves as a benchmark for the Swiss equity market and is part of the broader European landscape alongside peers such as the AEX, DAX, Euro Stoxx 50, IBEX 35, CAC 40, FTSE MIB, and STOXX Europe 600. Because it is denominated in Swiss francs, its movements reflect both company performance and currency effects relative to the CHF.

Key numbers explained

• The current 13,921.72 points represent the level of the Swiss Market Index (SMI), a weighted snapshot of its constituent stocks' prices at this moment.
• Today's range of 13,918.55 – 14,031.29 shows the lowest and highest level reached during the trading session, indicating intraday price fluctuation.
• The -0.23% price change today measures the session's net movement relative to the previous close.
• The 52-week low of 11,867.89 and high of 14,669.51 frame the range the index has traded within over the past year.
• The index is quoted in CHF, so its level reflects Swiss franc valuation; currency shifts can amplify or dampen returns for investors using other currencies.
• A price return index like this one tracks share-price movements only, excluding dividends, which are captured separately in a total-return version.

What to watch

The Swiss Market Index (SMI) is sensitive to factors common to large-cap equity indices: corporate earnings reports, monetary policy decisions by the Swiss National Bank, and global risk sentiment. Currency movements in the CHF can also influence the index's appeal to international investors. Sector concentration in healthcare, financials, and industrials means that news affecting those industries may move the Swiss Market Index (SMI) more than broad market headlines.