Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
By the same author
More articles

SMI : A strong start to the year

02/15/2019 | 09:41am EST

Since the beginning of the year, Swiss equities have been recovering, driven by advances in international trade, the prospect of no further "shutdown" in the United States, the risks of a Brexit without an agreement that is moving away, and the qualitative results of companies.



The building materials specialist, LafargeHolcim (+18%), retained first place in the 2019 list of best performances. The same applies to Swiss private banking, Julius Bär Gruppe (+15.2%). Nevertheless, Compagnie Financière Richemont climbed onto the podium (+14.8%), replacing Crédit Suisse (+9.4%), benefiting from the rebound in luxury goods, particularly following the record results of Kering and LVMH. On the other hand, Swisscom is the red lantern of the index, with a decline of more than 4% since January, penalized by the rise of competition on its domestic market and by deteriorating brokers' recommendations.

The SMI continued its "dynamic recovery" (+9.3%) that began at the beginning of this year and reached a new annual high point on Thursday. This extension made it possible to overcome the resistance of 9200 points and the moving averages of 20, 50 and 100 days are now on an upward trend. It is advisable to monitor the behavior of the index over the next few sessions to confirm the bullish movement. A new target would then be around 9550 points. Nevertheless, in the event of a return below the significant threshold of 9200 points, the Swiss index could fall back to the 8860 point line.


 

MarketScreener.com 2019
Stocks mentioned in the article
ChangeLast1st jan.
BEST INC. 1.01% 3 Delayed Quote.-46.58%
EURO / BRITISH POUND (EUR/GBP) -0.01% 0.8903 Delayed Quote.5.09%
LVMH MOËT HENNESSY - LOUIS VUITTON SE -0.13% 494.2 Real-time Quote.19.47%
PROSPECT CO., LTD. 0.00% 36 End-of-day quote.24.14%
RISE, INC. 0.00% 24 End-of-day quote.-20.00%
SMI -0.03% 10488.27 Delayed Quote.-1.18%
SWISS RE LTD -1.12% 84.6 Delayed Quote.-21.29%