SMI closes higher as Novartis lifts outlook by 0.4 percent

The SMI closed 59 points higher, or 0.4 percent, at 14,598 points on October 27, as finanzen.ch reported. Novartis lifted its 2026 core-profit outlook after quarterly sales increased 4 percent, according to Bloomberg.

Novartis gained 1.0 percent at the close. UBS shares rose 0.7 percent before the bank's third-quarter results due on Wednesday, while the Dow Jones stood at 52,328 points, down 0.1 percent at 12:43 p.m. ET.

Why is the SMI higher today?

Novartis supported the index after raising its full-year core operating-income outlook from a projected decline to broadly unchanged or low-single-digit growth. Core operating income rose 10 percent at constant exchange rates in the third quarter, while a USD 1.9 billion impairment charge weighed on reported profit, Morningstar reported.

Oil prices fell 1.8 percent to USD 113.8, while investors waited for upcoming decisions from the Federal Reserve, European Central Bank and Bank of Japan, finanzen.ch said.

Winners and losers in the SMI

Closing winners and losers came from the same SIX session, with values listed by finanzen.ch:

• ABB up 2.6 percent
• Amrize up 2.0 percent
• Holcim up 1.8 percent
• Galderma down 3.1 percent
• Swiss Re down 1.6 percent
• Alcon down 0.7 percent

SMI's session reached 14,609 points

The SMI opened at 14,547 points after a previous close of 14,539 points. It reached a high of 14,609 points and a low of 14,503 points before ending at 14,598 points, finanzen.at reported.

The close left the index 72 points below its all-time high of 14,670 points, which cash.ch said remained in sight after the second consecutive daily advance.

What comes next for the SMI

October 28, 2026, 6:45 a.m. CET: UBS will publish its third-quarter results before the Swiss market opens, with the bank's presentation scheduled for 9:00 a.m. CET, UBS said.

SMI price data for October 27, 2026

The SMI closed at 14,598 points on October 27, up 59 points or 0.4 percent from the previous close of 14,539 points. It opened at 14,547 points and traded between 14,609 points and 14,503 points, cash.ch reported.

More market reports and analysis on the SMI