What caused the pre-market volume spike in MUV2.SW stock?

The spike likely reflects block trades or portfolio rebalancing ahead of Munich Re’s earnings window. Pre-market volume printed **35** versus an average of **1**, creating a **35.0x** relative volume. Short-term traders should watch for follow-through in regular SIX hours.

How does valuation compare for MUV2.SW stock versus its sector?

MUV2.SW shows a quoted PE of **23.90**, above the Swiss Financial Services average PE of **17.67**. Price-to-book of **2.01** is marginally below the sector PB of **2.17**, reflecting a mix of premium earnings and conservative book backing.

What price levels should traders monitor today for MUV2.SW stock?

Key levels are pre-market reference **CHF470.90**, near-term support **CHF450.00**, resistance around the 50/200 MA at **CHF498.61**, and upside to the year high **CHF524.80**. Use stop-loss discipline and confirm volume on re-entry.

CH Stocks

Pre-mkt spike 05 Feb 2026: MUV2.SW Münchener Rück (SIX) CHF470.90, watch CHF450

ByHuzaifa Zahoor February 5, 2026February 5, 2026

A pre-market volume spike pushed MUV2.SW stock to CHF470.90 on 05 Feb 2026, down CHF13.10 or -2.71% from the prior close. The move shows a 35.0x relative volume on an absolute pre-market print of 35 shares versus an average of 1. Traders should treat this as an intraday event tied to position adjustments ahead of Munich Re’s earnings window and the wider Swiss financials tone.