The SMI MID (SMIM) is a stock index which lists
Switzerland's mid-cap companies. The index is calculated by
SIX Swiss Exchange
SIX Swiss Exchange (formerly SWX Swiss Exchange), based in Zurich, is Switzerland's principal stock exchange (the other being Berne eXchange). SIX Swiss Exchange also trades other securities such as Swiss government bonds and derivatives such as ...
.
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.
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.
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
References
External links
*
{{SMI MID companies
Swiss stock market indices