SMI gains 54 points at midday as Novartis leads
Published on 10/27/2026 at 13:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSPharma support and afternoon risks
- SMI stood at 14,593 points at 12:14 p.m. CET on October 27, up 54 points or 0.4 percent.
- Novartis rose 1.4 percent after earnings beat expectations and the company raised its 2026 outlook.
- SMI breadth was weak, with Sika down 0.7 percent and Nestle down 0.5 percent at 10:50 a.m.
- US durable goods orders are due at 8:30 a.m. ET on October 27, with a 1.4 percent consensus gain.
The SMI was trading at 14,593 points at 12:14 p.m. CET on October 27, up 54 points or 0.4 percent from the previous close. Novartis earnings supported the index after the drugmaker beat profit expectations and raised its 2026 outlook.
Novartis was up 1.4 percent at 10:50 a.m., while Sika fell 0.7 percent and Nestle lost 0.5 percent, according to Cash.
Why is the SMI higher at midday?
Novartis reported core earnings of USD 2.46 per share against an analyst consensus of USD 2.29. Core operating profit reached USD 6.036 billion, compared with expectations of USD 5.611 billion, and the company raised its 2026 earnings outlook, finanzen.ch reported.
SMI course and market breadth
The index opened at 14,547.82 points at 9:15 a.m. CET. Its midday gain therefore stood at 45.18 points from the open. The SMI's advance came despite more decliners than advancers in the morning.
Oil traded at USD 114.7, down 1.0 percent, while the euro was at USD 0.9238, down 0.1 percent. The SMI had closed at 14,538.95 points on October 26, according to finanzen.ch.
What comes next for the SMI?
- October 27, 2026, 8:30 a.m. ET: US durable goods orders for September, with a 1.4 percent consensus gain, MarketScreener reports.
- October 27, 2026, 10:00 a.m. ET: US consumer confidence for October, with an 80.3-point consensus after 81.9 points, MarketScreener reports.
- October 28, 2026: UBS and Amrize are scheduled to publish results, according to Moneycab.
SMI price data for October 27, 2026
The SMI stood at 14,593 points at 12:14 p.m. CET on October 27, according to finanzen.ch. It was up 54 points or 0.4 percent from the October 26 close of 14,538.95 points. The index opened at 14,547.82 points.
SMI by the numbers on October 27, 2026
- Index: SMI
- Home exchange: SIX Swiss Exchange, Switzerland
- Level at 12:14 p.m. CET on October 27, 2026: 14,593 points
- Change versus previous close of October 26, 2026: up 54 points (up 0.4 percent)
- Previous close: 14,538.95 points
- Open: 14,547.82 points
- Next scheduled event: October 27, 2026, 8:30 a.m. ET: US durable goods orders
