SMI closes 0.63 percent higher after setting a new intraday record
Published on 11/12/2026 at 23:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSSMI ends higher after record
- The SMI closed at 15,149.43 points on November 12, 2026, up 0.63 percent.
- The index reached a new intraday record of 15,200.17 points before giving back part of its advance.
- Zurich Insurance, healthcare stocks and easing oil-price concerns supported the market, while Partners Group was the weakest blue chip.
The Swiss Market Index (SMI) finished Thursday's session higher after setting a new intraday record above 15,200 points. The blue-chip index closed at 15,149.43 points, a gain of 95.57 points or 0.63 percent from Wednesday's close of 15,053.86 points. The closing level and the 17:30 timestamp were reported by finanzen.ch.
Record high fades before the close
The SMI climbed to 15,200.17 points shortly after the opening, establishing a new intraday record. It later surrendered part of the advance but remained clearly positive at the close. According to finanzen.at, the index opened at 15,181.09 points and traded between 15,093.97 and 15,200.17 points during the session.
Defensive shares support the advance
Zurich Insurance led the SMI gainers, rising 2.1 percent after its third-quarter volume figures broadly met expectations. Other insurers also advanced, while Roche and Novartis each gained 1.1 percent and Nestle rose 0.8 percent. Sandoz added 2.0 percent and Logitech gained 1.9 percent. In contrast, Partners Group fell 3.2 percent after Goldman Sachs issued a new sell recommendation and lowered its price target, according to the AWP report carried by finanzen.ch.
Market sentiment also benefited from lower oil prices earlier in the session and hopes of a year-end rally. Radio Central cited convincing quarterly results, expectations of a sustained economic recovery and falling energy prices as factors supporting the rally. At the same time, the report pointed to interest-rate concerns, geopolitical risks and doubts about artificial-intelligence valuations as continuing risks.
Investors weigh technology risks
The later recovery in European equities came as concerns over Nvidia's leadership situation eased, while the broader market remained sensitive to developments in artificial intelligence and chip stocks. The SMI's defensive composition helped it outperform several European benchmarks on Thursday, but the retreat from the intraday high showed that investors were not willing to ignore the remaining risks.
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