SMI closes 0.5 percent higher as Roche leads

The SMI closed 77 points higher at 14,539 points on October 26, 2026, gaining 0.5 percent, according to MarketScreener. The index recovered after an early pause as Swiss equities began a week packed with earnings and central-bank decisions.

Roche rose 1.4 percent after positive lung-cancer study data and a JPMorgan price-target increase, while Novartis fell 0.4 percent before its quarterly results. Zonebourse reported the contrasting moves.

Why did the SMI rise on Monday?

Lower oil prices and softer US Treasury yields supported European equities, while investors assessed geopolitical risks and the week ahead. Brent crude traded below USD 115 after falling 1.6 percent, and the 10-year Treasury yield stayed below 5 percent, Swissinfo reported.

Roche also benefited from data showing its divarasib treatment reduced the risk of death by 44 percent against older lung-cancer treatments. Roche released the study details.

Winners and losers in the SMI

SMI constituents at the close, as listed by Cash:

• ABB up 2.8 percent.
• Sandoz up 2.1 percent.
• Roche up 1.4 percent: positive study data supported the shares.
• Sika down 2.2 percent: investors continued taking profits after its quarterly results.
• Givaudan down 1.3 percent.
• Swiss Re down 0.4 percent.

Fourteen of the 20 SMI constituents finished higher, while six declined. The index opened at 14,472 points and moved around 14,500 points before strengthening into the close.

What comes next for the SMI

• October 27, 2026, 9:00 a.m. CET: Novartis releases third-quarter results before the SMI opens, with consensus revenue of USD 14.44 billion, Cash reports.
• October 27, 2026, 4:30 p.m. ET: Logitech holds its second-quarter earnings call, RTTNews lists.
• October 28, 2026, 2:00 p.m. ET: The Federal Reserve announces its policy decision, with a press conference at 2:30 p.m. ET, Forex Trading Community says.
• October 29, 2026, 2:15 p.m. CET: The European Central Bank announces its policy decision, Admiral Markets reports.

SMI price data for October 26, 2026

The SMI closed at 14,539 points on October 26, 2026, up 77 points or 0.5 percent from the previous close of 14,462 points, according to MarketScreener. It opened at 14,472 points.

More market reports and analysis on the SMI