Telecoms on Top. How Clients Were Prepared For Opportunity

Research Notes 11 - 15 August > https://www.unum.capital/post/r1115august

Trade Local & Global Financial Markets with Unum Capital.

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#Local

Can I call this the Trade of the Year?

The sector may not be #1 in terms of absolute performance, however, the strength has certainly surprised many. On 02 January (see further below) we outlined our views, highlighting a key change in trend.

Well done to those who have been involved!

JSE Telecoms: 23-Month Relative & Absolute High; In Line With Our January View + 52-Week Highs For MTN Group, Blue Label Telkom & Vodacom

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Telecommunications Sector Relative to the JSE Top 40 Index: Price Action Pointing To A Relative Change of Trend

• Comments on the slide below (Prepared 27 December 2024, Published 02 January 2025)

Lester Davids

Senior Investment Analyst: Unum Capital