JSE SECTOR RATINGS Consumer Staples, Healthcare, Diversified Miners & More

Key Observations:

• Tech and Banks: The bullish momentum is waning slightly in the short term.

• Insurers: The strength is primarily in the medium term.

• Consumer Discretionary: The short-term outlook is neutral.

• Healthcare and Hospitals: The long-term strength is tempered by weakness in the short term.

• Miners and related sectors: The outlook remains weak across all timeframes.

• Luxury Goods: This sector shows consistent strength across all timeframes.

Lester Davids

Analyst: Unum Capital