SMI up 0.80 percent near record high at European midday
Published on 11/12/2026 at 13:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSSMI rises toward a new record
- The SMI was quoted at 15,173.61 points at 12:18:27 Berlin time on November 12, up about 0.80 percent from Wednesday's close.
- The index reached an intraday record of 15,200.17 points, supported by healthcare stocks, Richemont and Zurich Insurance.
- Technology shares and Partners Group remained under pressure as Nvidia concerns and a Goldman Sachs downgrade weighed on sentiment.
The Swiss Market Index moved higher during Thursday's European midday session, extending its recovery above the 15,000-point mark. The SMI was quoted at 15,173.61 points at 12:18:27 Berlin time on November 12, 2026. Based on the previous session's close of 15,053.86 points, the index was up approximately 0.80 percent.
The quote and the previous close were reported by Finanzen.ch, which cites SIX Financial Information for market data. The calculation compares the intraday level with Wednesday's completed Swiss trading session and is not a closing performance.
Healthcare and insurers support the index
According to cash.ch, the SMI reached a new intraday record of 15,200.17 points earlier in the session. At 11:10 a.m. Berlin time, the index stood 0.85 percent higher at 15,181.26 points, with 17 of its 20 constituents in positive territory.
Richemont was among the strongest blue-chip performers ahead of its results due on Friday. Alcon, Sandoz and Novartis also gained, while Zurich Insurance advanced after quarterly volume figures were viewed as broadly in line with expectations. The breadth of the advance gave the defensive Swiss benchmark support despite mixed signals from the technology sector.
Technology concerns remain a counterweight
The same report said that Nvidia-related concerns continued to affect technology shares, including ABB and AMS-Osram, although early losses had eased. Partners Group was the weakest SMI constituent after Goldman Sachs issued a sell recommendation and cut its price target. Swiss Re and UBS also traded lower following negative analyst commentary and weaker share prices.
The broader backdrop remained mixed. A SIX overview describes the SMI as the real-time blue-chip index comprising Switzerland's 20 largest and most liquid equities. Investors should distinguish Thursday's intraday advance from a confirmed closing level, as the Swiss session was still under way at the reported time.
Further SMI coverage is available at the SMI topic page.
