Swiss Market Index (SMI) Plummets 2.45% Amidst Bearish Sentiment and Sector-Wide Decline
The Swiss Market Index (SMI) is experiencing a downward trend today, with a loss of -2.45%. The SMI is currently trading at 12,279.48, down -308.83 points. This decline is reflected across all market caps, with the top large cap loser being Alcon AG with a decrease of -7.12%, followed by Partners Group Holding AG with a loss of -7.69% in the mid cap category, and Julius Bär Gruppe AG with a decrease of -8.17% in the small cap category.
The advance decline ratio for the SMI is at 0.07x, with only 12 advances and 184 declines. This indicates a bearish sentiment in the market. However, there are a few companies that are bucking the trend and showing gains. Spexis Ltd. is the top gainer with an increase of 11.76%, followed by One Swiss Bank SA with a gain of 3.64%, and Swiss Steel Holding AG with a rise of 2.16%.
On the other hand, there are some notable losers in the SMI today. WISeKey International Holding Ltd. is down by -23.05%, followed by PIERER Mobility AG with a decrease of -20.94%, and SHL Telemedicine Ltd. with a loss of -15.95%.
The market is also seeing a sector-wise decline, with 1 sector advancing and 0 sectors declining. The top losing sector is the Switzerland SMI, which is down by -2.45%. This decline can be attributed to the overall bearish sentiment in the market.
Investors should keep a close eye on the market today, as the SMI continues to show a downward trend. It is important to stay updated on the latest market movements and make informed decisions while investing.