SMI MID
 | |
| Foundation | 15 November 2004 (history from 3 January 1996) |
|---|---|
| Operator | SIX Swiss Exchange |
| Exchanges | SIX Swiss Exchange |
| Trading symbol | SMIM |
| Constituents | 30 |
| Type | Mid-cap, price index |
| Market cap | CHF176.8 billion (as of 29 September 2023[update])[1] |
| Weighting method | Market-value-weighted,free-float-adjusted |
| Related indices | SMI,SMI Expanded,SPI 20 |
| Website | official website |
| ISIN | CH0019399838 |
| Reuters | .SMIM |
| Bloomberg | SMIM |
TheSMI MID(SMIM) is a stock index which listsSwitzerland's mid-cap companies. The index is calculated bySIX Swiss Exchange.[1]
It includes the 30Prime Standardshares from sectors that rank immediately below the companies included in theSwiss Market Index.The company size is based on terms oforder bookvolume andmarket capitalization.[1]
The SMI MID was introduced on 15 November 2004, computed back to 3 January 1996 with a baseline value of 1000 points as of 31 December 1999.[1]Its composition is examined once a year. Calculation takes place in real-time: as soon as a new transaction occurs in a security contained in the SMI MID, an updated index level is calculated and displayed.[citation needed]
In 2020, the SMI MID, along with other SIX indices, was endorsed under theEU Benchmarks Regulationand is registered with theEuropean Securities and Markets Authority,which means that it can be used as an underlying for financial products sold in the EU.[2]
Constituents
[edit]The following 30 stocks make up the SMI MID index as of 4 October 2023[update].[3][4]
Recent adjustments
[edit]In the week beginning on Monday, 19 September 2022,SGS(formerly in theSMI),Belimoand the Roche bearer shares will enter SMIM. They will replace Sonova (hearing aids), Cembra (credit cards and consumer credits) and BB Biotech (biotechnology investment company).[5]
On March 31, 2022 the biochemical companyBachemwas added to the index, replacingVifor Pharma,because after sell of Vifor Pharma to the Australian CSL the free float dropped to 1.6% which is below the minimum of 20% required by SIX for index members.[6]
On September 18, 2020, four components were replaced.[7]
On October 16, 2020, Tecan was added to the index after the takeover of Sunrise Communications Group AG.[8]
See also
[edit]References
[edit]- ^abcd"SMI Family – Factsheet"(PDF).SIX Swiss Exchange.Retrieved6 October2023.
- ^"Swiss Indices Endorsed Under the EU Benchmarks Regulation".SIX Swiss Exchange.Retrieved12 April2020.
- ^"SMI MID (SMIM)".SIX Swiss Exchange.Retrieved29 June2020.
- ^"Index adjustments on the occasion of the ordinary index review"(PDF).SIX Swiss Exchange.Retrieved10 October2019.
- ^"Morning Briefing - Markt Schweiz".Cash (Swiss finance magazine). 16 September 2022.Retrieved16 September2022.
- ^"SIX: VAT ersetzen Vifor Pharma im SLI - Bachem neu im SMIM".Cash (Swiss finance magazine). 23 March 2022.Retrieved27 November2022.
- ^"Index adjustments on the occasion of the ordinary index review"(PDF).SIX Swiss Exchange.Retrieved3 September2020.
- ^"Extraordinary index adjustments in conjunction with the takeover of Sunrise Communications Group AG"(PDF).SIX Swiss Exchange.Retrieved27 March2021.
External links
[edit]
 SMI MID(SMIM) companies of Switzerland | |
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