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JSE Relative Sector Ratings: Here's What's Leading/Lagging

  • Writer: Lester Davids
    Lester Davids
  • 14 hours ago
  • 1 min read

Research Notes For 30 June to 04 July > https://www.unum.capital/post/r3004july

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Summary: Ranking


This ranking prioritizes sectors based on their current short-term strength and positive trend changes.


  • Telecoms: The clear leader with 'Overbought' status, indicating the highest demand.

  • Miners: Showing the most significant positive turnaround from long-term weakness to short-term strength.

  • Platinum Miners & Consumer Staples: Both have improved from 'Neutral' long-term readings to 'Strong' in the short term, indicating accelerating bullish momentum.

  • Technology: A consistent outperformer across all timeframes.

  • Paper & Pulp: Shows a dramatic improvement from long-term bearishness to short-term neutrality, signaling a potential bottom.

  • Banks, Insurers, Luxury Goods: All are stable and neutral, offering market-like performance without a distinct edge.

  • Consumer Discretionary & Hospitals: Showing signs of short-term stabilization after long-term weakness.

  • Gold Miners & Chemicals: Exhibiting a negative short-term deterioration in their trends.

  • Coal Miners: Still weak, but showing very early signs that heavy selling pressure might be easing.

  • Healthcare: The weakest sector, with a persistent downtrend across all timeframes.



Lester Davids

Senior Investment Analyst: Unum Capital

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