Google trend - SMI

SMI - 10 things to know with detail

• SMI stands for Swiss Market Index, which is a stock market index representing the largest and most liquid stocks traded on the Swiss Exchange (SIX Swiss Exchange).
• The SMI is composed of the 20 largest and most actively traded stocks on the Swiss Exchange, including companies such as Nestle, Novartis, Roche, and UBS.
• The SMI is a price-weighted index, meaning that the companies with higher stock prices have a greater influence on the index's value.
• The SMI is calculated in real-time during trading hours and is used as a benchmark for the Swiss stock market performance.
• The SMI was launched on June 30, 1988, with a base value of 1,500 points. It has since grown significantly and reached an all-time high of over 10,000 points in 2021.
• The SMI is reviewed quarterly, with companies being added or removed from the index based on their market capitalization, liquidity, and other factors.
• The performance of the SMI is closely tied to the Swiss economy, as many of the index's components are multinational companies with significant operations in Switzerland.
• Investors can track the performance of the SMI through various financial websites, news outlets, and trading platforms that provide real-time updates on the index's value and constituent stocks.
• The SMI is often used by investors as a benchmark for Swiss equity performance and as a basis for investment products such as exchange-traded funds (ETFs) and index funds.
• Like all stock market indices, the SMI is subject to market volatility and external factors that can impact its performance, including economic conditions, geopolitical events, and industry trends.