Global industry intelligenceWeek ending 4 September 2026

Publishing

For the week ending 04 September 2026, Publishing advanced 0.91% with 61 advancing, 61 declining, and 11 unchanged constituents.

Industry positioning postureHold and wait for confirmation

The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.

Industry evidence score49/100Wait
Index value1365.91
Weekly return0.91%
Measured equities133
Sibling rank2 of 7
Parent sectorCommunication ServicesOpen the complete sector intelligence page

156 completed weeks

Publishing trend architecture

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

ArchitectureUnresolved Index vs Trend-0.2% 13-week persistence1.1% Advancing participation46%
Index Value Trend Line Fair Value Activity Lines Constructive Transition Defensive

Positioning and relative evidence

Is Publishing earning a place in the portfolio?

Technical evidence determines the posture. Sentiment remains a separate confirmation layer.

Current posture

Hold and wait for confirmation

The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.

Defensive49/100Position
Sentiment held separateQualified news coverage is too thin to alter the technical positioning view.
Five-pillar evidence

Quality of the positioning case

49
Trend
44
Breadth
32
Persistence
37
Relative
73
Risk quality
91
Parent-relative performance

Returns versus Communication Services

Composite rank 2 of 7
1 week0.9%1.0 pts
4 weeks0.5%0.2 pts
13 weeks1.1%1.2 pts
26 weeks-2.1%1.1 pts
52 weeks-3.4%6.9 pts
Relative leadership path

Publishing versus Communication Services

Improving
Evidence ledger

Confirmation and conflict

+Relative performance is improving within its parent hierarchy.

!Index trend architecture has not delivered a durable upward expansion.

!Breadth remains too narrow or inconsistent for a high-conviction position.

!Constituent persistence remains divided or predominantly negative.

!Stage 4 declining constituents exceed Stage 2 advancing constituents by 34 percentage points.

Decision boundaries

What would change the posture?

1A completed weekly reclaim of 1,368.95, the higher of Trend Line and Fair Value, would improve the structural case.

2Breadth holding above 55% for several completed weeks would show that repair is spreading.

3Positive 13 and 26-week relative performance would confirm that capital is rotating into the group.

Trend state and durability

Architecture, persistence and constituent regimes

The industry index path is tested against the securities beneath it.

Index architecture

Unresolved

6 weeks

The Activity Lines, Trend Line and price acceptance remain genuinely mixed.

Trend gateDownFan width0.72%Accepted above fan17%Accepted below fan0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence

Negative regime, shorter trend repairing

75% agreement

The long trend remains negative, but shorter-horizon repair is now visible.

13-week
1.1%
26-week
-2.1%
39-week
-0.4%
52-week
-3.4%
Regime age11 weeks52-week flips152-week boundary1414.34
Constituent trend persistence

How broadly durable is the move?

95% coverage
37%positive
Coherent positive16%
Coherent negative33%
Horizon agreement80%
Weakening positives13
Repairing negatives21

126 constituents measured as of 4 Sep 2026.

Custom stage map

Where covered constituents sit in the cycle

96% coverage
58%Stage 4
Stage 1 Basing9%12
Stage 2 Advancing24%31
Stage 3 Distribution9%11
Stage 4 Declining58%74
Re-acceleration1Transition watch23Fair Value repairs3

Stage coverage is shown explicitly and is not substituted for full-universe persistence coverage.

Geographic diffusion

Where Publishing strength is developing

Country returns, participation and Trend position show whether the global result is widely shared or locally concentrated.

Countries measured1330 represented in the full universe
Positive countries4 / 13Latest weekly return above zero
Above Trend Line38%5 country indexes
Return dispersion3.16 ptsCross-country opportunity and divergence
Asia Pacific2.69%

7 countries · 77 equities · 58% of measured coverage

Participation61%Countries above Trend29%
Europe-1.06%

4 countries · 18 equities · 14% of measured coverage

Participation39%Countries above Trend75%
North America-4.82%

1 countries · 8 equities · 6% of measured coverage

Participation0%Countries above Trend0%
Middle East and Africa-5.47%

1 countries · 4 equities · 3% of measured coverage

Participation25%Countries above Trend0%
Country evidence map

Return, breadth and trend condition

Minimum 3 constituents
🇨🇳CN28 6.70% 96% up · below Trend 🇭🇰HK8 4.31% 50% up · below Trend 🇮🇳IN12 1.10% 25% up · above Trend 🇲🇾MY5 0.00% 40% up · below Trend 🇮🇹IT4 -0.41% 50% up · above Trend 🇰🇷KR3 -0.48% 33% up · below Trend 🇫🇮FI3 -0.48% 33% up · above Trend 🇯🇵JP17 -0.81% 35% up · above Trend 🇩🇪DE4 -1.30% 25% up · above Trend 🇬🇧GB7 -1.52% 43% up · below Trend 🇹🇭TH4 -3.17% 0% up · below Trend 🇺🇸US8 -4.82% 0% up · below Trend 🇹🇷TR4 -5.47% 25% up · below Trend

17 thin country slices are excluded from comparative conclusions. Their securities remain in the global index.

Country leadership

Strongest confirmed tapes

🇨🇳China28 equities6.70%
🇭🇰Hong Kong8 equities4.31%
🇮🇳India12 equities1.10%
🇲🇾Malaysia5 equities0.00%
🇮🇹Italy4 equities-0.41%
🇰🇷South Korea3 equities-0.48%
Country pressure

Weakest current tapes

🇹🇷Turkey4 equities-5.47%
🇺🇸United States8 equities-4.82%
🇹🇭Thailand4 equities-3.17%
🇬🇧United Kingdom7 equities-1.52%
🇩🇪Germany4 equities-1.30%
🇯🇵Japan17 equities-0.81%

Sibling industry comparison

Where Publishing sits inside Communication Services

Relative strength, acceleration and participation separate durable leadership from a one-week move.

Composite rank2 / 7 Leading3 Lagging2 Above Trend1 / 7 Return dispersion0.52 pts

Market internals and risk

Participation, momentum and payoff shape

The headline index is tested against participation, volatility, drawdown and the distribution of security returns.

Advancing participation45.9%3.3 points versus recent baseline
13-week positive weeks54%Index-level hit rate
Annualised volatility8.6%52-week index return volatility
Current drawdown-4.3%From the 52-week index high
156-week max drawdown-9.2%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 return conceals

133 equities
Average loser-3.39%
Average winner+6.22%
Median equity0.00%The middle security, less sensitive to extreme movers
Interquartile range-1.65% to 2.73%The central half of the universe
Security dispersion8.48 ptsCross-sectional opportunity and stock-selection risk

News and price confirmation

Does company news confirm the Publishing tape?

Open sentiment intelligence

Qualified sentiment coverage for this industry is still building.

Security leadership

The equities driving the result

Weekly leaders and laggards reveal whether the index move is broad, concentrated or vulnerable to reversal.

Latest week

Full global industry tape

Showing 1-30 of 133, sorted by weekly return.

Ticker Company Market Open High Low Close Return
605577 Heilongjiang Publishing & Media Co., Ltd. CN · SHH 9.58 15.55 9.56 15.55 61.14%
CYBERMEDIA Cyber Media (India) Limited IN · NSI 19.19 28.45 18.00 26.40 40.58%
0426 One Media Group Limited HK · HKG 0.11 0.135 0.10 0.133 20.91%
8006 Sino Splendid Holdings Limited HK · HKG 0.091 0.108 0.08 0.106 16.48%
601999 Northern United Publishing & Media (Group) Company Limited CN · SHH 6.18 7.40 6.13 7.15 15.70%
300364 COL Group Co.,Ltd. CN · SHZ 23.12 29.90 23.08 25.71 13.11%
002181 Guangdong Guangzhou Daily Media Co., Ltd. CN · SHZ 8.34 10.28 8.28 9.50 12.83%
601949 China Publishing & Media Holdings Co., Ltd. CN · SHH 5.22 5.83 5.18 5.83 11.69%
301052 GUOMAI Culture & Media Co., Ltd. CN · SHZ 23.20 27.30 22.95 25.58 11.17%
301231 Rongxin Education and Culture Industry Development Co., Ltd. CN · SHZ 27.40 32.54 27.00 28.70 10.09%
6240 Sung Gang Corp.Limited TW · TWO 23.00 28.25 22.30 25.20 9.57%
300788 Citic Press Corporation CN · SHZ 23.32 26.80 23.32 25.58 8.85%
6176 Brangista Inc. JP · JPX 1,049.00 1,137.00 973.00 1,137.00 8.29%
601900 Southern Publishing and Media Co.,Ltd. CN · SHH 11.56 12.88 11.51 12.45 7.51%
000719 Central China Land Media CO.,LTD CN · SHZ 11.63 12.48 11.60 12.47 7.50%
600551 Time Publishing and Media Co., Ltd. CN · SHH 7.15 9.50 7.12 8.05 7.33%
301025 Dook Media Group Limited CN · SHZ 8.94 10.08 8.91 9.73 7.16%
603999 DuZhe Publish&Media Co.,Ltd CN · SHH 5.65 6.23 5.63 6.03 6.35%
STORY-B Storytel AB (publ) SE · STO 108.70 117.30 107.90 115.10 5.89%
601019 Shandong Publishing&Media Co.,Ltd CN · SHH 6.75 7.18 6.71 7.12 5.79%
ASP Aspermont Limited AU · ASX 1.16 1.22 1.16 1.22 5.63%
600825 Shanghai Xinhua Media Co., Ltd. CN · SHH 5.03 5.53 5.01 5.31 5.15%
603096 Thinkingdom Media Group Ltd. CN · SHH 14.80 16.22 14.80 15.71 4.87%
300148 Tangel Culture Co., Ltd. CN · SHZ 3.41 3.70 3.39 3.59 4.66%
600880 Chengdu B-ray Media Co.,Ltd. CN · SHH 3.93 4.20 3.91 4.11 4.31%
SANDESH The Sandesh Limited IN · NSI 1,009.45 1,100.05 980.00 1,051.30 4.14%
500A TO BOOKS INC JP · JPX 3,450.00 3,530.00 3,360.00 3,525.00 3.37%
0018 Oriental Media Group Limited HK · HKG 0.213 0.22 0.207 0.22 3.29%
TXGN TX Group AG CH · EBS 165.20 174.20 160.60 171.20 3.26%
601811 Xinhua Winshare Publishing and Media Co., Ltd. CN · SHH 11.09 11.70 11.05 11.49 3.14%

Evidence context