Business · Markets · 11 hrs ago
Swiss Market Index rises 0.29% to close near the day's high
The Swiss Market Index closed 0.29% higher on Friday at 14,391.31 points, near its daily high.
It rose 4.4% over the week, helped by gains in major Swiss companies.
Nestlé shares climbed 1.8% and gave the index a boost, while Novartis and Roche shares slipped.
The recent sell-off in technology stocks helped Swiss shares, whose many defensive companies attracted investors seeking a steadier market.
But high energy prices and disrupted supply chains remain risks, with Brent crude near $106 a barrel amid conflict in the Middle East.
Investors will watch for company updates due next week, including results from Nestlé and Roche; Novartis is due to report the following week.
Switzerland’s Swiss Market Index rose 0.29% on Friday to close at 14,391.31 points, near the day’s high of 14,399.
The market saw little movement and few major company announcements during the session.
Nestlé gained 1.8% and supported the index, while Novartis fell 1.0% and Roche slipped 0.1%.
The SMI rose 4.4% over the week.
A market observer warned that high energy prices and disrupted supply chains remained significant risks.
- Who
- The Swiss Market Index and companies listed on it.
- What
- The SMI rose 0.29% to close at 14,391.31 points, near its daily high.
- When
- Friday, 16 October 2026.
- Where
- The Swiss stock market.
- Why
- Nestlé’s gains supported the index, while Novartis and Roche weighed on it.
Market trader
Market observer warning of continued risks
Market outlook
Market trader
The recent sell-off in AI and technology benefited the Swiss market, seen as a defensive haven.
Market observer warning of continued risks
There can be no talk of fundamental easing while high energy prices and disrupted supply chains remain a burden.
The sell-off in AI and technology stocks benefited the Swiss market, according to a trader.
The SMI closed at 14,391.31 points, up 0.29% on the day.
- SMI close
- 14,391.31 points
- Daily change
- +0.29%
- Day’s high
- 14,399 points
- Weekly change
- +4.4%
- Nestlé
- +1.8%
- Novartis
- -1.0%
What people are saying
The recent sell-off in AI and technology has had a very positive effect on the local market.
There can, however, still be no talk of a fundamental easing.
High energy prices remain a significant burden given the military conflicts in the Middle East and disrupted supply chains.