JSE Top 40 Index

September 2026 > https://www.unum.capital/post/rsep2026

NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes

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Published on Tuesday, 01 September (after market close), for Wednesday, 02 September.

JSE Top 40 Index: Consolidation expected following it's expansionary phase. On Tuesday (01 Sept), the index marked it's second test of the 21-day exponential moving average (EMA) but closed below it's 8-day EMA. While the index remains in an upward trend, over the short term, a period of consolidation can be expected with the emergence of bearish candle structure (see Monday's candle). A break below the 21-day EMA Is likely to see the 75-day EMA (or overshoot thereof) being tested, which would offer another opportunity to buy into.

Lester Davids

Senior Investment Analyst: Unum Capital