Swiss Market Index (SMI) Performance Overview – 28 November 2025
- Close Price – The SMI ended the trading day at 12 833,96 points, a gain of 0,02 % (≈ + 2,6 points) compared with the previous session.
- Daily Range – The index traded within a narrow band, opening at 12 839,30 points (up 0,06 %) and falling to 12 830,01 points (down 0,01 %) by the mid‑day session before stabilising near the closing level.
- Market Capitalisation – At the close, the index’s constituents represented a market capitalisation of 1,477 billion Euro.
- Weekly Context – The 52‑week high (31 March 2025) stands at 13 199 points and the 52‑week low (8 April 2025) at 10 699,7 points. The current level remains close to the recent peak, indicating a modest consolidation after a period of upward momentum.
- Influencing Factors
- The day’s activity was largely influenced by global market sentiment, with subdued volumes in Asian markets and a quiet U.S. session due to Thanksgiving.
- Positive domestic catalysts, such as the approval of Roche’s breast‑cancer drug Itovebi in the United Kingdom, contributed to a modest uptick in investor confidence.
- Overall trading volume remained thin, reflecting cautious market participation during the holiday period.
Weekly Highlights
- Week 48: Analysts noted that the SMI was “in the grip of economic and political factors,” with individual stocks driving the index’s movements.
- November 2025: The month’s performance saw a mix of gains and losses across the SMI constituents, though the index itself remained largely flat through the month’s close.
Outlook
Given the current level near the 52‑week high and the absence of significant macroeconomic shocks, the SMI is expected to trade within a narrow range in the short term. Market participants should monitor U.S. holiday trading patterns and any forthcoming policy announcements that could influence Swiss equity sentiment.
