Swiss Market Index (SMI) Soars 0.91% on Positive Sentiment and Strong Performance
The Swiss Market Index (SMI) is off to a strong start today, with a gain of 111.20 points or 0.91%. The SMI, which is trading at 12,304.27, is being driven by a positive advance decline ratio of 1.25x, with 100 advances and 80 declines. This indicates a bullish sentiment in the market.
The SMI Caps, which tracks the performance of the top 20 companies in Switzerland, is also on the rise, with a gain of 0.91%. Among the top gainers in the SMI are Airesis AG, CI Com SA, and Spexis Ltd., with gains of 81.56%, 47.83%, and 11.76%, respectively. On the other hand, Montana Aerospace AG, Peach Property Group AG, and PIERER Mobility AG are the top losers, with declines of -7.12%, -6.63%, and -6.04%.
In terms of market capitalization, Nestlé SA is the top large cap gainer, with a gain of 2.53%. Lonza Group AG is the top mid cap gainer, with a gain of 2.99%, while Tecan Group AG is the top small cap gainer, with a gain of 3.07%. On the other hand, Givaudan SA, Straumann Holding AG, and Georg Fischer AG are the top large cap, mid cap, and small cap losers, with declines of -1.59%, -1.31%, and -5.21%, respectively.
The SMI is the only sector that is advancing today, with a gain of 0.91%. This is in contrast to the 0 sectors that are declining. This indicates a strong performance by the Swiss market today.
Overall, the Swiss market is being driven by positive sentiment, with the SMI and SMI Caps on the rise. Investors are keeping a close eye on the top gainers and losers, as well as the advancing and declining sectors, to make informed decisions in today's market.