Week Ending: 11 September 2026

Finland FI Sector

Consumer Defensive

For the week ending 11 September 2026, Consumer Defensive declined 1.34% with 4 advancing, 9 declining, and 1 unchanged constituents. The index is equal weighted and built from country-listed equities.

Current architecture Unresolved

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

47 technical evidence
Index1280.63 1 week-1.34% Breadth29% Members14
Country 🇫🇮 Finland · FI
Universe country-listed
Price basis Adjusted weekly close

Trend architecture

Index, activity fan and structural anchors

Rolling 156-week evidence. Trend Signal points mark weeks when price, trend and the activity fan confirmed together.

Index Value Trend Line Fair Value Activity Lines Constructive architecture Transitional architecture Defensive architecture
Current architecture Unresolved 8 completed weeks in this state
Trend acceptance 0.0% Index versus Trend Line
Persistence 50% Negative regime, shorter trend repairing
Participation 29% 4 advancing, 9 declining

Investor positioning lens

Is the evidence ready for capital?

A rules-based technical classification using trend, breadth, persistence, relative strength and path quality.

Current posture Reduce exposure into strength

Counter-trend rallies may occur, but primary structure and persistence do not yet support adding risk.

47 technical evidence
out of 100
Evidence balance

Five-pillar map

Reduce
Trend
44
Breadth
26
Persistence
62
Relative
36
Risk quality
94
What supports the view
  • Constituent trends show positive multi-horizon persistence.
What restrains conviction
  • Index trend architecture has not delivered a durable upward expansion.
  • Breadth remains too narrow or inconsistent for a high-conviction position.
  • The group is not yet delivering dependable relative outperformance.
  • Stage 4 declining constituents exceed Stage 2 advancing constituents by 15 percentage points.
  • Positive contribution is concentrated in a small leadership cohort.
Independent sentiment overlay Sentiment held separate

Qualified news coverage is too thin to alter the technical positioning view.

Evidence that would change the view
  1. A completed weekly reclaim of 1,281.01, the higher of Trend Line and Fair Value, would improve the structural case.
  2. Breadth holding above 55% for several completed weeks would show that repair is spreading.
  3. Positive 13 and 26-week relative performance would confirm that capital is rotating into the group.

This is a weekly research classification, not personal investment advice. Sentiment is reported as an independent confirmation layer and does not alter the technical score.

Trend state and durability

Architecture, persistence and constituent regimes

The index path is tested against the underlying security-level trend evidence.

Index architecture Unresolved

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

State age8 weeks
Trend gateMixed
Fan width1.58%
Fast versus slow change0.85 pts
Above 67% Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence

Negative regime, shorter trend repairing

50% agreement

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

13-week
2.5%
26-week
-2.1%
39-week
1.4%
52-week
-0.3%
Regime age1 weeks 52-week flips3 52-week boundary1283.99
Constituent trend persistence

Is the index move broadly durable?

100% coverage
Coherent positive21%
Coherent negative7%
Average horizon agreement73%
Positive horizon share59%
Weakening positives4
Repairing negatives3

14 constituents measured as of 11 Sep 2026. Median trend age is 50 weeks.

Custom stage map

Where constituents sit in the cycle

93% coverage
Stage 1 · Basing8%1 securities
Stage 2 · Advancing23%3 securities
Stage 3 · Distribution31%4 securities
Stage 4 · Declining39%5 securities
Re-acceleration watch0 Transition watch0 Relative strength leaders8% Fair Value repairs1

Measured as of 11 Sep 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.

Architecture breadth

How market energy is distributed

71/100 mean confidence
Upward expansion
23% 3
Rotation up
8% 1
Deceleration
0% 0
Balance
31% 4
Rotation down
0% 0
Downward expansion
38% 5
Unresolved
0% 0

Architecture breadth shows the distribution of expanding, rotating, balancing and contracting securities. It is diagnostic context and is not added as a second vote in the positioning score.

Capital rotation

Performance relative to FI Market Structure

Weakening
Relative index 13-week relative trend Starting level
Rotation dashboard Weakening

A rising relative line means this group is compounding faster than FI Market Structure. A falling line means capital has done better in the parent benchmark.

Relative index110.9
13-week trend111.7
4-week trend change-0.16%
Weekly peer rank6 of 9
1 week
-0.9 pts relative
4 weeks
-0.3 pts relative
13 weeks
-1.1 pts relative
26 weeks
-7.9 pts relative
52 weeks
-1.9 pts relative

Market internals

Participation, dispersion and path risk

Equal-weight index evidence with constituent-level breadth and dispersion.

Breadth

Participation quality

Narrow
Advancing
4
Declining
9
Unchanged
1
4-week average 48%
13-week average 50%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility10.2%
Drawdown from 52-week high-6.1%
Positive weeks, last 1369%
Current directional run2 weeks
Turnover versus 13-week norm897%
Breadth impulse-23.2 pts
Cross-section

Return distribution

14 measured
Q1 -3.0% Median -0.8% Q3 0.2%
Average winner0.9%
Average loser-2.5%
Dispersion2.0 pts
Top-five upside share100%
Top-five capital share92%
Capital data coverage100%

Dispersion describes how far constituent outcomes are spreading apart. Capital concentration is contextual only; the index itself is equal weighted.

Momentum cycle

30-week persistence

Positive readings show expansion. Negative readings show contraction.

Breadth cycle

Net participation

Advancers less decliners as a percentage of measured constituents.

Industry map

Where sector leadership is forming

Performance, breadth and trend acceptance across every qualified industry.

0/1 positive
Above Trend Line0/10% of industries
Constructive breadth0/1At least half advancing
Median industry-0.09%0.00 pts dispersion
#1 Weakening

Packaged Foods

-0.09%
Participation33% vs Trend-2.4% vs Fair Value18.4% Members6

News and narrative

Does company news confirm the market tape?

Open Sentiment Intelligence
Sentiment evidence is still developing

Qualified company-level news coverage is not yet broad enough to influence the group view.

0 qualified records across 14 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 FODELIAFodelia Oyj
1.62% 2 RAIKVRaisio plc
1.22% 3 OLVASOlvi Oyj
0.31% 4 SANOMASanoma Oyj
0.31% 5 APETITApetit Oyj
0.00%

Weakest edge

14 TOKMANTokmanni Group Oyj
-5.27% 13 SUY1VSuominen Oyj
-4.07% 12 BEERNokian Panimo Oyj
-3.82% 11 KESKOBKesko Oyj
-3.27% 10 KESKOAKesko Oyj
-2.04%

Constituent ledger

Sector constituents

All 14 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 FODELIA Fodelia Oyj HEL 35.35M 4.39 0.12 pts
1.62%
2 RAIKV Raisio plc HEL 387.61M 2.49 0.09 pts
1.22%
3 OLVAS Olvi Oyj HEL 667.54M 32.55 0.02 pts
0.31%
4 SANOMA Sanoma Oyj HEL 1.55B 9.78 0.02 pts
0.31%
5 APETIT Apetit Oyj HEL 76.54M 12.20 0.00 pts
0.00%
6 ANORA Anora Group Oyj HEL 262.11M 3.82 -0.03 pts
-0.39%
7 HKFOODS HKFoods Oyj HEL 148.53M 1.66 -0.03 pts
-0.48%
8 ATRAV Atria Oyj HEL 452.88M 16.04 -0.08 pts
-1.11%
9 RAIVV Raisio plc HEL 379.75M 2.43 -0.13 pts
-1.82%
10 KESKOA Kesko Oyj HEL 8.50B 21.60 -0.15 pts
-2.04%
11 KESKOB Kesko Oyj HEL 8.68B 21.90 -0.23 pts
-3.27%
12 BEER Nokian Panimo Oyj HEL 25.51M 2.52 -0.27 pts
-3.82%
13 SUY1V Suominen Oyj HEL 89.08M 0.66 -0.29 pts
-4.07%
14 TOKMAN Tokmanni Group Oyj HEL 413.27M 7.10 -0.38 pts
-5.27%

The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.

Evidence context