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The Breadth Report

Writer: Lester Davids
Lester Davids
1 hour ago
2 min read

Published post-market close on Thursday 15 October for Friday 16 October.


Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own data.


  1. 🟩 🟢 ↗️ Defensive Staples Surge: Food and pharmacy retail absorbed heavy institutional bids across the board. Clicks Group (CLS) (+2.12%), Shoprite (SHP) (+1.50% to 33,454 ZAC), Boxer (BOX) (+1.44% to 8,369 ZAC), and Dis-Chem (DCP) (+1.43% to 2,767 ZAC) all advanced together, maintaining pristine multi-timeframe bull alignments.

  2. 🟩 🟢 ↗️ Banking Cohort Breadth Expands: Positive breadth swept through major lenders as Nedbank (NED) (+2.26%), FirstRand (FSR) (+1.80%), Capitec (CPI) (+1.61% to 442,709 ZAC), Absa (ABG) (+1.61% to 21,657 ZAC), and Standard Bank (SBK) (+1.14%) advanced in unison, defending newly reclaimed dynamic ribbons.

  3. 🟩 🟢 ↗️ Global Tech & E-Commerce Rebound: Prosus (PRX) surged +3.38% on a standout +4.51% open-to-close spread to reclaim 68,500 ZAC, lifting Naspers (NPN) (+1.14% to 71,678 ZAC) in sympathy as capital rotated back into offshore technology proxies.

  4. 🟩 🟢 ↗️ Apparel Retail Relief Bid: Clothing retailers caught an aggressive broad-based short-squeeze bid. Foschini Group (TFG) (+3.00% to 5,050 ZAC), Mr Price (MRP) (+2.05% to 17,257 ZAC), Pepkor (PPH) (+1.93% to 1,850 ZAC), Woolworths (WHL) (+1.47% to 3,931 ZAC), and Truworths (TRU) (+1.14% to 4,618 ZAC) all posted positive spreads.

  5. 🟩 🟢 ↗️ PGM Complex Relief Hook: The platinum cohort printed coordinated counter-trend relief. Northam Platinum (NPH) (+3.47%), Impala Platinum (IMP) (+3.38%), Valterra Platinum (VAL) (+2.33% to 124,207 ZAC), and Sibanye Stillwater (SSW) (+2.14% to 4,007 ZAC) recaptured short-term dynamic floors simultaneously.

  6. 🟩 🟢 ↗️ Energy & Coal Minerals Dominate: Sasol (SOL) (+2.76%) drove aggressively to fresh cycle highs at 26,782 ZAC, while Thungela Resources (TGA) (13,523 ZAC) defended its rising 8D EMA (13,145 ZAC) on a positive +0.92% spread, cementing primary leadership for energy minerals.

  7. 🟥 🔴 ⬇️ Paper & Packaging Liquidation: Mondi plc (MNP) fractured technical breadth in the process sector, dumping −9.16% to 16,313 ZAC on relentless institutional selling, dragging Sappi (SAP) (+0.15% to 1,293 ZAC) into extended sideways stagnation.

  8. 🟨 🟡 ↔️ Gold Producers Stall: AngloGold Ashanti (ANG) (+0.80% to 149,063 ZAC), Gold Fields (GFI) (+1.99% to 60,497 ZAC), Harmony (HAR) (+1.92% to 27,488 ZAC), and DRDGOLD (DRD) (+1.27% to 4,056 ZAC) managed slight nominal bounces, but remain pinned beneath downward-sloping 8D and 21D EMAs on negative-to-flat open-to-close spreads.

  9. 🟦 🔵 ⬆️ Insurers Grind to New Highs: Discovery (DSY) (+2.59% to 26,808 ZAC) and Sanlam (SLM) (+2.46% to 8,525 ZAC) pushed clean breakout bars on strong positive spreads (+2.59% and +2.71%), while OUTsurance (OUT) (+0.95% to 8,407 ZAC) held firmly in blue-sky alignment.

  10. 🟥 🔴 ⬇️ Speculative Tech Markdowns Extend: Downside breadth remained isolated to speculative mid-cap tech, with Lesaka Technologies (LSK) (−8.92% to 7,330 ZAC) and PowerFleet (PWR) (−3.67% to 4,142 ZAC) suffering severe distribution, detached from large-cap index strength.

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