The Swiss Market Index (SMI) is Switzerland's blue-chip stock market index and is made up of 20 of the largest and most liquid large- and mid-cap stocks of the Swiss Performance Index (SPI), a collection of all securities traded on the Zurich-based SIX Swiss Exchange from companies based in Switzerland.
Unlike the SPIExternal link, the SMIExternal link is not corrected for dividends. Which shares go into the SMI are examined annually. The stocks traded in the SMI represent 90% of the entire market value and trading volume of all stocks listed on the SIX Swiss ExchangeExternal link, one of Switzerland’s two stock exchanges (the other being the Berne eXchange).
The SMI is considered to be a weather balloon for the Swiss market as a whole and is often used in formulating other financial instruments.
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Swiss bank offers bitcoin trading
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The private Bank Vontobel AG has introduced a new financial instrument to enable trading in the cryptocurrency bitcoin on the Swiss stock market.
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The SMI, which contains the largest Swiss companies such as Nestlé, UBS and Roche, endured the same market turbulence as other stock indices when Britain voted to leave the European Union last week. On Friday 24 June, when the results of the referendum became known, it tumbled 3.9% and fell even further on Monday. The…
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According to consultancy firm A.T.Kearney, Switzerland is now ranked 11th in their list of the top countries in which to invest. They moved Switzerland up three spots in the Foreign Direct Investment Confidence Index, saying that at a time when many regions are affected by crises, investors are looking for safe havens. The most important…
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Little more than a year ago, while European Central Bank president Mario Draghi was busy fulfilling his promise to do “whatever it takes” to revitalise the eurozone economy, the Swiss National Bank was doing whatever it could to protect its own.
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