SMI closes flat as Galderma jumps 7.1 percent

Published on 10/22/2026 at 19:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SMI ended at 14,548 points after quarterly results drove divergent moves in Galderma and Roche; Sika and SGS report at 7:00 a.m. CEST Friday.

Swiss earnings shape Thursday trading

SMI ended October 22 at 14,548 points, down 4 points or 0.03 percent.
Quarterly results drove trading as Galderma raised its full-year sales outlook.
Galderma led SMI stocks up 7.1 percent, while ABB fell 4.1 percent.
Swiss stocks face Sika and SGS results at 7:00 a.m. CEST on October 23.

SMI, CH0009980894, Illustration mit AI erstellt.

The SMI ended October 22 at 14,548 points, down 4 points or 0.03 percent. Quarterly results drove divergent moves among Swiss blue chips, while the broader European market weakened.

Galderma surged 7.1 percent after raising its full-year sales outlook and reporting stronger-than-expected quarterly sales, finanzen.net reported.

Why did the SMI finish nearly unchanged?

Nestle gained 1.1 percent after quarterly sales exceeded expectations and the company confirmed its full-year goals. Roche finished almost unchanged after quarterly revenue rose 8 percent to CHF 16.1 billion, but the company left its outlook unchanged, Swissinfo reported.

The index held up better than the wider European market. Twelve of its 20 members rose, while eight fell, with defensive shares offsetting weakness in industrial and financial stocks, finanzen.net reported.

Winners and losers in the SMI

Closing moves in the SMI came from the SIX session, with percentages compiled by MarketScreener:

Galderma up 7.1 percent: the company raised its full-year sales outlook after strong quarterly sales, Galderma reports.
Alcon up 3.4 percent.
Novartis up 1.6 percent as defensive shares attracted demand.
ABB down 4.1 percent amid renewed economic concerns.
UBS down 2.9 percent.
Holcim down 2.2 percent.

SMI course and trading range

The SMI opened at 14,537 points after Wednesday's close of 14,552 points. It traded between 14,479 points and 14,590 points before ending near the middle of the range, finanzen.ch reported.

What comes next for the SMI on Friday?

October 23, 2026, 7:00 a.m. CEST: Sika and SGS release quarterly results before the SMI opens, MarketScreener lists.
October 23, 2026, 9:00 a.m. CEST: the next SMI session begins.
October 23, 2026, 9:30 a.m. CEST: Germany publishes flash manufacturing and services purchasing managers' indexes, followed by eurozone data at 10:00 a.m. CEST, dpa-AFX via Ariva lists.

SMI price data for October 22, 2026

The SMI closed on October 22, 2026, at 14,548 points, down 4 points or 0.03 percent from the previous close of 14,552 points, MarketScreener reported. The index opened at 14,537 points, reached a high of 14,590 points and fell to a low of 14,479 points.

SMI by the numbers on October 22, 2026

Index: SMI
Home exchange: SIX Swiss Exchange, Switzerland
Close on October 22, 2026: 14,548 points
Change versus previous close of October 21, 2026: down 4 points (down 0.03 percent)
Previous close: 14,552 points
Open: 14,537 points
Day high / day low: 14,590 points / 14,479 points
Top gainer: Galderma up 7.1 percent
Top loser: ABB down 4.1 percent
Next scheduled event: October 23, 2026, 7:00 a.m. CEST: Sika and SGS quarterly results