SMI MID
{{Use dmy dates|date=July 2024}}
{{Infobox financial index
|name = SMI MID
|logo = SIX Swiss Exchange logo.svg
|foundation = 15 November 2004 (history from 3 January 1996)
|operator = SIX Swiss Exchange
|exchanges = SIX Swiss Exchange
|symbol = SMIM
|constituents = 30
|cap_level = Mid-cap, price index
|mcap = {{CHF|176.8 billion|link=yes|ISO=yes}}
({{as of|2023|9|29|lc=y}}){{cite web|url=https://www.six-group.com/dam/download/market-data/indices/factsheets/six-factsheet-stat-smimc-en.pdf|title=SMI Family – Factsheet|publisher=SIX Swiss Exchange|access-date=6 October 2023}}
|weighting = Market-value-weighted, free-float-adjusted
|related = SMI, SMI Expanded, SPI 20
|homepage = {{URL2|https://www.six-group.com/en/market-data/indices/equity-indices/smi-mid.html|official website}}
|isin = CH0019399838
|reuters =.SMIM
|bloomberg =SMIM
}}
The SMI MID (SMIM) is a stock index which lists Switzerland's mid-cap companies. The index is calculated by SIX Swiss Exchange.
It includes the 30 Prime Standard shares from sectors that rank immediately below the companies included in the Swiss Market Index. The company size is based on terms of order book volume and market capitalization.
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. 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.{{fact|date=July 2024}}
In 2020, the SMI MID, along with other SIX indices, was endorsed under the EU Benchmarks Regulation and is registered with the European Securities and Markets Authority, which means that it can be used as an underlying for financial products sold in the EU.{{cite web|url=https://www.six-group.com/en/newsroom/media-releases/2020/20200205-swiss-indices-endorsed.html|title=Swiss Indices Endorsed Under the EU Benchmarks Regulation|publisher=SIX Swiss Exchange|access-date=12 April 2020}}
Constituents
The following 30 stocks make up the SMI MID index {{as of|2023|10|4|lc=y}}.{{cite web | url=https://www.six-group.com/exchanges/indices/data_centre/shares/smi_mid_en.html | title=SMI MID (SMIM) | publisher=SIX Swiss Exchange |access-date=2020-06-29}}{{cite web|url=https://www.six-group.com/exchanges/swx_messages/online/swx_message_201907051740_en.pdf|title=Index adjustments on the occasion of the ordinary index review|publisher=SIX Swiss Exchange|access-date=10 October 2019}}
| class="wikitable sortable" style="text-align: center;" cellpadding=2 cellspacing=2 | |||
| Company | Sector | Canton | Ticker symbol |
|---|---|---|---|
| Adecco | Professional Services | Zurich | {{SWX3|ADEN}} |
| ams | Hardware | (Austria) | {{SWX3|AMS}} |
| Avolta | Retail trade | Basel-City | {{SWX3|AVOL}} |
| Bâloise | Insurance | Basel-City | {{SWX3|BALN}} |
| Barry Callebaut | Food & Beverages | Zurich | {{SWX3|BARN}} |
| Belimo | HVAC | Zurich | {{SWX3|BEAN}} |
| BKW Energie | Energy | Bern | {{SWX3|BKW}} |
| Clariant | Specialty chemicals | Basel-Country | {{SWX3|CLN}} |
| Ems-Chemie | Specialty chemicals | Graubünden | {{SWX3|EMSN}} |
| Flughafen Zürich | Infrastructure | Zurich | {{SWX3|FHZN}} |
| Galenica | Pharma, Retail Trade | Bern | {{SWX3|GALE}} |
| Georg Fischer | Machines, Components | Schaffhausen | {{SWX3|FI-N}} |
| Helvetia Insurance | Insurance | St. Gallen | {{SWX3|HELN}} |
| Julius Bär | Banking | Zurich | {{SWX3|BAER}} |
| Lindt & Sprüngli | Food & Beverages | Zurich | {{SWX3|LISN}} / {{SWX3|LISP}} |
| Meyer Burger | Energy Equipment | Bern | {{SWX3|MBTN}} |
| PSP Swiss Property | Real estate | Zug | {{SWX3|PSPN}} |
| Roche (bearer share) | Pharma | Basel-City | {{SWX3|RO}} |
| Sandoz | Pharma | Basel-City | {{SWX3|SDZ}} |
| Schindler Group | Construction supply | Lucerne | {{SWX3|SCHN}} / {{SWX3|SCHP}} |
| SGS SA | Business Services | Geneva | {{SWX3|SGSN}} |
| SIG Group | Packaging | Schaffhausen | {{SWX3|SIGN}} |
| Straumann | Pharma | Basel-City | {{SWX3|STMN}} |
| Swatch | Precision & Watches | Bern | {{SWX3|UHR}} |
| Swiss Prime Site | Real estate | Soloturn | {{SWX3|SPSN}} |
| Tecan | Scientific Equipment | Zurich | {{SWX3|TECN}} |
| Temenos Group | Software | Geneva | {{SWX3|TEMN}} |
| VAT Group AG | Components | St.Gallen | {{SWX3|VACN}} |
=Recent adjustments=
In the week beginning on Monday, 19 September 2022, SGS (formerly in the SMI), Belimo and 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).{{Cite web |url=https://www.cash.ch/news/boersenticker-schweiz/morning-briefing-markt-schweiz-2018056 |title=Morning Briefing - Markt Schweiz |date=2022-09-16 |access-date=2022-09-16 |publisher=Cash (Swiss finance magazine)}}
On March 31, 2022 the biochemical company Bachem was added to the index, replacing Vifor 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.{{cite web | title = SIX: VAT ersetzen Vifor Pharma im SLI - Bachem neu im SMIM | publisher=Cash (Swiss finance magazine) |work= |date=2022-03-23 |url=https://www.cash.ch/borsen-ticker/borse-schweiz/six-vat-ersetzen-vifor-pharma-im-sli-bachem-neu-im-smim-506175 |access-date=2022-11-27 }}
On September 18, 2020, four components were replaced.{{cite web | url=https://www.six-group.com/dam/download/market-data/news/swiss-exchange-messages/2020/swx_message_202007081745_en.pdf | title=Index adjustments on the occasion of the ordinary index review | publisher=SIX Swiss Exchange |access-date=2020-09-03}}
On October 16, 2020, Tecan was added to the index after the takeover of Sunrise Communications Group AG.{{cite web | url=https://www.six-group.com/dam/download/market-data/news/swiss-exchange-messages/2020/swx_message_202010091745_en.pdf | title=Extraordinary index adjustments in conjunction with the takeover of Sunrise Communications Group AG | publisher=SIX Swiss Exchange |access-date=2021-03-27}}
See also
References
{{reflist}}