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FTSE 100 Above 10,000: Exposure To Cyclical, Undervalued Sectors Has Helped To Re-Rate Index

  • Writer: Lester Davids
    Lester Davids
  • Feb 22
  • 1 min read

Research Notes February 2026 > https://www.unum.capital/post/rfeb2026

Trade Local & Global Financial Markets with Unum Capital.

To get started, email tradingdesk@unum.co.za


Published on Sunday 22 February for Monday 23 February.


Welcome done to clients who have participated.

Level at time of writing: 10,713.



Previous Post (19 January 2025): FTSE 100 Index Re-Emerging Strength + Exposure To Cyclical, Undervalued Sectors



  • Around 14 months ago (20 November 2023), I highlighted an idea to buy the EWU ETF which provides investors with exposure to UK equities.

  • The region remains relative undervalued with exposure similar to that of South African (Banks, Miners etc.)

  • Reviewing the FTSE 100 Index, the last few sessions have shown prices starting to re-emerge from a momentum perspective.

  • More specifically, the index has developed a multi-month base formation which suggests that there is potential for higher prices over the medium term.







Lester Davids

Analyst: Unum Capital

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