JSE Sectors: These Are The Relative Leaders & Laggards

Research Notes April 2026 > https://www.unum.capital/post/rapril2026

Trade Local & Global Financial Markets with Unum Capital.

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

Based on data as of the end of day on Friday 02 April.

Summary: Gold Miners and Diversified Miners are the standout performers on the board, consistently maintaining intense, bullish momentum and sustaining serious strength built from a solid Long-Term foundation (with Gold Miners hitting a High Bullish/Approaching Overbought extreme in the Short Term). Meanwhile, Hospitals showed a temporary surge, snapping from a Weak Long-Term trend to Strong in the Medium Term before settling to Neutral. On the fading front, Banks, Insurers, and Telecoms show a clear downward shift, slipping from a sleepy Neutral Long-Term and Medium-Term stance to establish a Weak Short-Term footing. Similarly, some sectors are visibly losing their early longer-term strength, with Platinum Miners, Coal Miners, and Chemicals cooling entirely from Strong long-term foundations to Neutral in the Short Term. Finally, Technology and Consumer Discretionary continue to languish under persistent, multi-horizon weakness, while Consumer Staples, Paper & Pulp, and Luxury Goods are managing a mild stabilization, lifting from Weak or High Bearish longer-term regimes into a Neutral short-term state.

Lester Davids

Senior Investment Analyst: Unum Capital