SMI Holds Above 15,000 at Midday as Oil Relief Supports Swiss Shares
Published on 11/05/2026 at 13:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSSMI Holds Above Key Threshold
- The SMI stood at 15,034.32 points at 12:27:51 Berlin time on November 5, 2026, up 0.08 percent from the previous session's close.
- The index opened at 15,061.17 points and reached an intraday high of 15,092.56 points as Swiss equities extended the previous day's advance.
- Lower oil prices and easing inflation concerns supported risk appetite, although the SMI had given back most of its early gain by midday.
The SMI remained above the 15,000-point threshold in Thursday midday trading, but the Swiss blue-chip index had surrendered most of its early advance. At 12:27:51 Berlin time on November 5, 2026, the index stood at 15,034.32 points, up 0.08 percent from the previous session's close of 15,022.85 points, according to finanzen.ch.
Early Gains Ease by Midday
The SMI opened at 15,061.17 points, equivalent to a 0.255 percent gain against Wednesday's close. It subsequently reached an intraday high of 15,092.56 points before retreating toward the 15,000-point mark. The midday reading therefore represented only a modest increase from the prior close and was not a closing value.
Trading remained volatile among individual index constituents. Holcim, Sika, Lonza, Swiss Re and Richemont were among the stronger shares listed in the midday market report, while Alcon, Logitech, ABB, Novartis and Nestle were among the weaker performers. The source reported the SMI's intraday low at 14,995.55 points.
Oil Prices Remain a Market Driver
The broader market backdrop remained supportive after the sharp fall in oil prices on Wednesday. Lower energy costs reduced immediate concerns about inflation and future interest-rate pressure, helping risk assets extend the previous session's gains. The relief was also linked in market coverage to hopes that political developments in the United States could contribute to a de-escalation of the conflict involving Iran.
That support was not uniform. The market continued to weigh geopolitical risks, inflation and interest-rate expectations, while selected technology and growth-sensitive shares faced pressure. For investors, the midday picture was therefore one of consolidation above 15,000 rather than a broad-based acceleration. The SMI's real-time calculation and blue-chip composition are described by SIX.
Further SMI coverage is available in the SMI topic overview.
