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 The Prime Standard is a market segment of the Frankfurt Stock Exchange that includes companies which comply with transparency standards higher than those of the General Standard, which is regulated by law. The Prime Standard includes quarterly repo ...
shares from sectors that rank immediately below the companies included in the
Swiss Market Index
The Swiss Market Index (SMI) is Switzerland's blue-chip stock market index, which makes it the most followed in the country. It is made up of 20 of the largest and most liquid Swiss Performance Index (SPI) stocks. As a price index, the SMI is ...
. The company size is based on terms of
order book
An order book is the list of orders (manual or electronic) that a trading venue (in particular stock exchanges) uses to record the interest of buyers and sellers in a particular financial instrument. A matching engine uses the book to determin ...
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.
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
The European Securities and Markets Authority (ESMA) is an independent European Union Authority located in Paris.
ESMA replaced the Committee of European Securities Regulators (CESR) on 1 January 2011. It is one of the three new European Sup ...
, which means that it can be used as an underlying for financial products sold in the EU.
Constituents
September 20th, 2021
The following 30 stocks make up the SMI MID index as of September 20, 2021.
All components are mid-caps, except Sonova, which is a large cap.
Recent adjustments
In the week beginning on Monday, 19th 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).
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.
On September 18, 2020, four components were replaced.
On October 16, 2020, Tecan was added to the index after the takeover of Sunrise Communications Group AG.
See also
*
Swiss Market Index
The Swiss Market Index (SMI) is Switzerland's blue-chip stock market index, which makes it the most followed in the country. It is made up of 20 of the largest and most liquid Swiss Performance Index (SPI) stocks. As a price index, the SMI is ...
References
External links
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{{SMI MID companies
Swiss stock market indices