SMI ends 0.03 percent lower as Galderma leads earnings

Published on 10/22/2026 at 22:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SMI ended at 14,548 points after earnings kept the index nearly flat; Holcim and Sika report before Friday's 9:00 a.m. CET open.

Earnings set the tone

SMI closed at 14,548 points on October 22, down 4 points or 0.03 percent.
Galderma raised its full-year sales outlook after third-quarter revenue rose 27.5 percent.
Galderma led the SMI with a 7.1 percent gain, while ABB fell 4.1 percent.
Holcim reports at 6:30 a.m. CET and Sika at 7:00 a.m. CET on October 23.

SMI, CH0009980894, Illustration mit AI erstellt.

The SMI closed at 14,548 points on October 22, down 4 points or 0.03 percent. Earnings from Swiss blue-chip companies dominated trading as the index stayed below its previous close for most of the session.

Galderma was the strongest SMI stock, rising 7.1 percent after raising its full-year sales outlook. A post-close market summary from Zonebourse highlighted the earnings flow across Nestle, Roche, Galderma, Kuehne+Nagel and Schindler.

Why did the SMI finish almost flat?

Defensive stocks helped limit the decline. Nestle gained 1.1 percent after its nine-month sales update, while Novartis rose 1.6 percent. Roche ended nearly unchanged after reporting third-quarter sales of CHF 16.13 billion, up 8.1 percent from a year earlier, according to finanzen.net.

The broader earnings picture was mixed. Galderma reported third-quarter sales growth of 27.5 percent and lifted its full-year outlook, while Schindler advanced 8.5 percent after stronger quarterly profit, revenue and orders, RTTNews reported.

SMI winners and losers on October 22

The closing winners and losers were compiled by finanzen.ch:

Galderma up 7.1 percent
Alcon up 3.4 percent
Novartis up 1.6 percent
ABB down 4.1 percent
UBS down 2.9 percent
Holcim down 2.2 percent

Twelve of the 20 SMI members gained and eight declined. The index opened at 14,537 points, reached a high of 14,590 points and fell to a low of 14,479 points during the session.

What comes next for SMI on Friday?

October 23, 2026, 6:30 a.m. CET: Holcim publishes third-quarter figures, dpa-AFX via Aktiencheck reports.
October 23, 2026, 7:00 a.m. CET: Sika publishes nine-month results, according to cash.ch.
October 23, 2026, 9:00 a.m. CET: The SIX Swiss Exchange opens for the next SMI session.

SMI price data for October 22, 2026

The SMI closed at 14,548 points on October 22, according to RTTNews. It fell 4 points, or 0.03 percent, from the previous close of 14,552 points. The index opened at 14,537 points, reached a high of 14,590 points and touched a low of 14,479 points.

SMI by the numbers on October 22, 2026

Index: SMI
Home exchange: SIX Swiss Exchange, Switzerland
Close on October 22, 2026: 14,548 points
Change versus previous close of October 21, 2026: down 4 points (down 0.03 percent)
Previous close: 14,552 points
Open: 14,537 points
Day high / day low: 14,590 points / 14,479 points
Top gainer: Galderma up 7.1 percent
Top loser: ABB down 4.1 percent
Next scheduled event: October 23, 2026, 6:30 a.m. CET: Holcim third-quarter figures