Sharemaestro global benchmark Week ending 28 August 2026

SM Global Market Index

For the week ending 28 August 2026, SM Global Market Index advanced 0.67% with 18924 advancing, 15816 declining, and 2557 unchanged constituents.

Global allocation posture Balanced allocation

Global evidence is divided. Maintain balance while waiting for stronger breadth and persistence confirmation.

Global evidence score 57 /100 Balanced
Latest value1335.29
Weekly return0.67%
Measured equities37297
Markets represented37 countries
Official weekly coverage
99.8%

156 completed weeks

Global trend architecture

Price, Activity Lines, Trend Line and current Fair Value, with the recognized architecture behind each completed week.

ArchitectureBalance Index vs Trend1.4% 13-week persistence-0.2% Advancing participation51%
Index Value Trend Line Fair Value Activity Lines Constructive Transition Defensive

Capital allocation lens

Is the global tape ready for risk?

Technical evidence determines the posture. News sentiment is shown separately as confirmation or conflict.

Current posture

Balanced allocation

Global evidence is divided. Maintain balance while waiting for stronger breadth and persistence confirmation.

Defensive57/100Risk on
Sentiment held separate Qualified news coverage is too thin to influence the global allocation view.
Five-pillar evidence

Allocation balance

57
Architecture
52
Breadth
49
Persistence
47
Diffusion
65
Risk quality
97
Evidence ledger

What supports the view

+Strength is diffusing across countries, sectors and industries.

!Global Activity Line architecture has not secured upward expansion.

!Global breadth remains narrow or unstable.

!Security-level trend persistence is divided or predominantly negative.

!Stage 4 constituents exceed Stage 2 constituents by 22 percentage points.

What would change the posture?

Decision boundaries for the next completed weekly close

1A completed global reclaim of 1,316.29, the higher of Trend Line and Fair Value, would improve the allocation case.

2Country and sector breadth holding above 55% would show that repair is spreading globally.

3A rising Stage 2 share with positive constituent persistence would confirm durable re-acceleration.

Trend state and durability

Architecture, persistence and security regimes

The global index path is tested against the underlying equity universe.

Index architecture

Balance

2 weeks

Directional pressure is compressed and neither side has durable control.

Trend gateMixed Fan width0.95% Accepted above fan67% Accepted below fan33%
Six completed weeks of index acceptance relative to the full Activity Line fan.
Index persistence

Positive regime, shorter trend weakening

50% agreement

The long trend remains positive, but the 13-week horizon has turned against it.

13-week
-0.2%
26-week
-1.4%
39-week
4.1%
52-week
5.4%
Regime age72 weeks52-week flips052-week boundary1266.77
Security trend persistence

Is the index move broadly durable?

92% coverage
49%positive
Coherent positive21%
Coherent negative27%
Horizon agreement81%
Weakening positives5591
Repairing negatives5118

34266 equities measured as of 28 Aug 2026. Median trend age is 22 weeks.

Custom stage map

Where covered equities sit in the cycle

94% coverage
48%Stage 4
Stage 1 Basing14%4822
Stage 2 Advancing26%9003
Stage 3 Distribution12%4290
Stage 4 Declining48%16854
Re-acceleration watch394Transition watch4464Fair Value repairs2935

Stage coverage is shown explicitly and does not stand in for the full-universe persistence measure.

Architecture breadth

How market energy is distributed

75/100 mean confidence
Upward expansion
22%7750
Rotation up
8%2721
Deceleration
11%3896
Balance
15%5309
Rotation down
4%1515
Downward expansion
39%13778
Unresolved
0%0

Geographic diffusion

Where global strength is actually coming from

Country return, participation, Trend position and equal-weight contribution are kept distinct.

Positive countries28 / 37Latest weekly return above zero
Above Trend Line78%29 country indexes
Top-three universe share38%Coverage concentration, not index weight
Country dispersion0.94 ptsCross-country weekly return spread
Other markets1.72%

1 countries · 2220 equities · 6% of measured universe

Participation57%Countries above Trend100%
Latin America1.20%

2 countries · 1199 equities · 3% of measured universe

Participation61%Countries above Trend100%
Asia Pacific1.04%

11 countries · 19866 equities · 53% of measured universe

Participation58%Countries above Trend45%
Middle East and Africa0.77%

4 countries · 1736 equities · 5% of measured universe

Participation56%Countries above Trend75%
Europe0.56%

16 countries · 5887 equities · 16% of measured universe

Participation57%Countries above Trend94%
North America-0.85%

3 countries · 6389 equities · 17% of measured universe

Participation40%Countries above Trend100%
36-country tape

Return, breadth and trend condition

Complete weekly snapshot
🇰🇷KR 3.96% 78% up · below Trend 🇨🇳CN 1.93% 67% up · below Trend 🇸🇦SA 1.86% 74% up · above Trend 🇹🇼TW 1.72% 54% up · above Trend 🇨🇭CH 1.48% 61% up · above Trend 🇯🇵JP 1.43% 65% up · above Trend 🇦🇷AR 1.40% 57% up · above Trend 🇮🇹IT 1.23% 58% up · above Trend 🇧🇷BR 1.13% 55% up · above Trend 🇫🇮FI 1.04% 57% up · above Trend 🇳🇱NL 1.01% 64% up · above Trend 🇦🇹AT 0.93% 62% up · above Trend 🇩🇪DE 0.91% 56% up · above Trend 🇧🇪BE 0.86% 54% up · above Trend 🇦🇺AU 0.76% 42% up · below Trend 🇬🇧GB 0.67% 46% up · above Trend 🇹🇷TR 0.64% 50% up · above Trend 🇿🇦ZA 0.62% 48% up · above Trend 🇬🇷GR 0.58% 50% up · above Trend 🇮🇳IN 0.55% 48% up · above Trend 🇳🇴NO 0.36% 47% up · above Trend 🇮🇩ID 0.35% 35% up · above Trend 🇸🇪SE 0.34% 55% up · above Trend 🇲🇽MX 0.31% 35% up · above Trend 🇹🇭TH 0.25% 39% up · above Trend 🇮🇱IL 0.17% 48% up · below Trend 🇵🇹PT 0.10% 42% up · above Trend 🇳🇿NZ 0.02% 42% up · below Trend 🇪🇸ES -0.03% 43% up · above Trend 🇩🇰DK -0.10% 50% up · above Trend 🇭🇰HK -0.10% 40% up · below Trend 🇮🇪IE -0.21% 44% up · above Trend 🇲🇾MY -0.58% 31% up · above Trend 🇨🇦CA -0.58% 37% up · above Trend 🇫🇷FR -0.86% 35% up · below Trend 🇸🇬SG -0.86% 28% up · below Trend 🇺🇸US -1.05% 39% up · above Trend
Leadership contribution

Largest positive influences

🇰🇷South Korea
0.09
🇨🇳China
0.27
🇸🇦Saudi Arabia
0.02
🇹🇼Taiwan
0.10
🇨🇭Switzerland
0.01
🇯🇵Japan
0.14
Weakest country tapes

Largest drags and laggards

🇺🇸United States
-0.14
🇸🇬Singapore
-0.01
🇫🇷France
-0.01
🇨🇦Canada
-0.01
🇲🇾Malaysia
-0.02
🇮🇪Ireland
0.00

Contribution is an equal-weight coverage estimate. It identifies where the global move is being generated without pretending that this index is capitalization weighted.

Global sector rotation

Leadership, acceleration and participation

Thirteen-week relative strength sets the horizontal axis. Four-week relative acceleration sets the vertical axis.

Leading3 Lagging5 Above Trend7 / 12 Broad participation4 / 12 Return dispersion0.52 pts
Composite sector ranking

Momentum with confirmation

1
Basic MaterialsLeading · 54% participation
74 2
Financial ServicesWeakening · 56% participation
66 3
HealthcareLeading · 42% participation
60 4
EnergyLeading · 40% participation
57 5
TechnologyImproving · 56% participation
56 6
Consumer DefensiveWeakening · 51% participation
51 7
IndustrialsLagging · 53% participation
49 8
Consumer CyclicalWeakening · 47% participation
42 9
FinancialsLagging · 71% participation
40 10
Communication ServicesLagging · 51% participation
34 11
Real EstateLagging · 42% participation
26 12
UtilitiesLagging · 56% participation
21

Market internals and risk

Participation, momentum and payoff shape

A rising index is stronger when breadth expands, momentum improves and security dispersion remains controlled.

Advancing participation50.7%5.8 points versus recent baseline
13-week positive weeks46%Index-level hit rate
Annualised volatility9.7%52-week index return volatility
Current drawdown-1.6%From the 52-week index high
156-week max drawdown-9.6%Peak-to-trough index decline
Breadth impulse

Net advancing participation

Range -100 to +100
Trend momentum

Trend Line rate of change

Positive or negative slope
Security return distribution

What the headline index return conceals

37297 equities
Average loser-3.72%
Average winner+4.66%
Median equity0.11%The middle security, less sensitive to extreme movers
Interquartile range-1.85% to 2.79%The central half of the universe
Security dispersion7.29 ptsCross-sectional opportunity and stock-selection risk

Global news sentiment

Does the information flow confirm the market tape?

Open sentiment intelligence

Qualified global sentiment coverage is still building.

Industry opportunity map

Leadership beneath the sector headline

Thin groups are excluded. Return, participation and Trend position expose the quality of each move.

Industries measured146
Positive this week109
Positive with breadth43
Above Trend Line85
Leadership

Strongest industries with confirmation

CopperBasic Materials · 90 equities
Participation 66%
+2.87% Insurance - ReinsuranceFinancial Services · 31 equities
Participation 71%
+2.78% Coking CoalBasic Materials · 31 equities
Participation 71%
+2.77% Electronic ComponentsTechnology · 867 equities
Participation 63%
+2.53% Agricultural InputsBasic Materials · 197 equities
Participation 60%
+2.36% Insurance - LifeFinancial Services · 107 equities
Participation 68%
+2.31% SteelBasic Materials · 489 equities
Participation 64%
+2.26% UraniumEnergy · 48 equities
Participation 54%
+2.02%
Pressure

Weakest industries and potential exits

Oil & Gas IntegratedEnergy · 102 equities
Participation 26%
-1.96% SolarTechnology · 138 equities
Participation 37%
-1.73% Resorts & CasinosConsumer Cyclical · 87 equities
Participation 25%
-1.44% Reit - SpecialtyReal Estate · 52 equities
Participation 38%
-1.32% Medical DevicesHealthcare · 467 equities
Participation 36%
-1.22% Home Improvement RetailConsumer Cyclical · 56 equities
Participation 27%
-1.19% Reit - MortgageReal Estate · 43 equities
Participation 23%
-1.03% ConfectionersConsumer Defensive · 111 equities
Participation 32%
-1.02%

Evidence context