SMI closes 1.01% higher at 14,946.15 points
Published on 11/09/2026 at 22:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSSMI ends higher as oil falls
- The SMI closed at 14,946.15 points on Monday, up 1.01% from Friday's close.
- Lower oil prices and softer bond yields supported the broader European market rebound.
- Roche, Sika, ABB and VAT Group were among the stronger SMI constituents, while Swiss Re and Kuehne + Nagel declined.
The Swiss Market Index (SMI) closed Monday's session at 14,946.15 points, gaining 149.65 points, or 1.01%, from Friday's close of 14,796.50. The index finished just below its daily high after opening slightly weaker and moving into positive territory during the session.
The SMI is Switzerland's leading blue-chip index and comprises 20 of the largest and most liquid equities from the SPI, according to SIX.
Lower oil prices support European rebound
European equities advanced broadly as crude prices fell sharply. The Edge reported that Brent crude traded 4.61% lower at 93.79 US dollars a barrel at 17:10 GMT. The decline followed comments from US President Donald Trump that renewed military strikes on Iran were highly unlikely while talks continued. Lower energy prices also helped ease inflation concerns, while softer bond yields supported equity sentiment.
The wider European recovery was led by basic resources, banks and technology. The Stoxx Europe 600 rose 1.26%, while the DAX gained 1.73% and the Euro Stoxx 50 advanced 1.94%, according to The Edge.
Roche and cyclicals lead SMI gains
Within the SMI, Roche rose 2.77%, while Sika gained 3.29%, ABB advanced 2.42% and VAT Group climbed 2.67%. Construction-related shares also performed well, with Holcim up nearly 2% and Geberit gaining 1.14%. The moves helped the index recover after two consecutive losing sessions.
Not all constituents participated in the rebound. Kuehne + Nagel fell 2.59%, Swisscom declined 1.25% and Swiss Re lost 1.10%. Finanzen.ch attributed the Swiss Re weakness to an Oddo downgrade to
