Swiss Market Index. A share index which encompasses the market capitalisation of the 28 biggest quoted Swiss companies (Blue Chips). The SMI, nicknamed "Smiley" represents 80 per cent of the SPI market value . The shares included in the SMI generate about 90 per cent of domestic share turnover at the SWX Swiss Exchange.
"Swiss Market Index", index for Swiss shares initially established to cover 22 Swiss blue chips on the basis of 1500 points on 30 June 1988 (see detailed text in LBGB-Nikkei 225 prospectus/regulations).
The Swiss Market Index, representing the 27 most actively traded Swiss shares.