Week Ending: 28 August 2026

France FR Sector

Basic Materials

For the week ending 28 August 2026, Basic Materials advanced 0.86% with 14 advancing, 11 declining, and 6 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.

56 technical evidence
Index1141.75 1 week0.86% Breadth45% Members31
Country 🇫🇷 France · FR
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 2 completed weeks in this state
Trend acceptance 0.1% Index versus Trend Line
Persistence 50% Positive regime, shorter trend weakening
Participation 45% 14 advancing, 11 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 Hold and wait for confirmation

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

56 technical evidence
out of 100
Evidence balance

Five-pillar map

Wait
Trend
49
Breadth
48
Persistence
37
Relative
83
Risk quality
94
What supports the view
  • Relative performance is improving within its parent hierarchy.
What restrains conviction
  • 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 37 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 1,140.55, 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 age2 weeks
Trend gateDown
Fan width0.22%
Fast versus slow change0.41 pts
Above 50% Below 17%
Six completed weeks of price 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
-4.0%
26-week
-2.3%
39-week
7.2%
52-week
5.3%
Regime age40 weeks 52-week flips6 52-week boundary1084.68
Constituent trend persistence

Is the index move broadly durable?

97% coverage
Coherent positive10%
Coherent negative33%
Average horizon agreement78%
Positive horizon share38%
Weakening positives7
Repairing negatives2

30 constituents measured as of 28 Aug 2026. Median trend age is 13 weeks.

Custom stage map

Where constituents sit in the cycle

97% coverage
Stage 1 · Basing23%7 securities
Stage 2 · Advancing13%4 securities
Stage 3 · Distribution13%4 securities
Stage 4 · Declining50%15 securities
Re-acceleration watch1 Transition watch5 Relative strength leaders10% Fair Value repairs6

Measured as of 28 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.

Architecture breadth

How market energy is distributed

72/100 mean confidence
Upward expansion
7% 2
Rotation up
13% 4
Deceleration
13% 4
Balance
17% 5
Rotation down
10% 3
Downward expansion
40% 12
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 FR Market Structure

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

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

Relative index132.5
13-week trend131.8
4-week trend change0.15%
Weekly peer rank1 of 11
1 week
1.7 pts relative
4 weeks
-0.7 pts relative
13 weeks
0.1 pts relative
26 weeks
1.0 pts relative
52 weeks
11.5 pts relative

Market internals

Participation, dispersion and path risk

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

Breadth

Participation quality

Balanced
Advancing
14
Declining
11
Unchanged
6
4-week average 35%
13-week average 39%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility8.8%
Drawdown from 52-week high-4.0%
Positive weeks, last 1346%
Current directional run1 week
Turnover versus 13-week norm144%
Breadth impulse6.5 pts
Cross-section

Return distribution

31 measured
Q1 -0.6% Median 0.0% Q3 1.2%
Average winner3.2%
Average loser-1.6%
Dispersion4.8 pts
Top-five upside share82%
Top-five capital share95%
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.

3/5 positive
Above Trend Line3/560% of industries
Constructive breadth3/5At least half advancing
Median industry0.92%3.60 pts dispersion
#1 Transition

Agricultural Inputs

9.24%
Participation100% vs Trend12.6% vs Fair Value-13.6% Members3
#2 Advancing

Chemicals

1.67%
Participation100% vs Trend0.8% vs Fair Value8.1% Members3
#3 Advancing

Building Materials

0.92%
Participation67% vs Trend0.5% vs Fair Value2.2% Members3
#4 Contracting

Specialty Chemicals

-0.31%
Participation27% vs Trend-3.6% vs Fair Value-3.9% Members11
#5 Contracting

Lumber & Wood Production

-0.47%
Participation0% vs Trend-4.6% vs Fair Value-3.6% Members4

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 31 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 ALFLOSAS Florentaise
25.00% 2 NKImerys S.A.
5.45% 3 ALBKKBaikowski SA
2.13% 4 AIL'Air Liquide S.A.
1.99% 5 RBTRobertet SA
1.90%

Weakest edge

31 LHYFELhyfe SA
-6.22% 30 ERAERAMET S.A.
-3.67% 29 ALAFYAFYREN SAS
-2.18% 28 ALMOUMoulinvest S.A.
-1.30% 27 ALKOMPlásticos Compuestos, S.A.
-1.23%

Constituent ledger

Sector constituents

All 31 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 ALFLO SAS Florentaise PAR 8.25M 0.95 0.81 pts
25.00%
2 NK Imerys S.A. PAR 2.10B 24.78 0.18 pts
5.45%
3 ALBKK Baikowski SA PAR 88.06M 24.00 0.07 pts
2.13%
4 AI L'Air Liquide S.A. PAR 108.07B 170.44 0.06 pts
1.99%
5 RBT Robertet SA PAR 1.68B 805.00 0.06 pts
1.90%
6 ALMIB Amoéba S.A. PAR 53.98M 0.701 0.06 pts
1.89%
7 VCT Vicat S.A. PAR 2.90B 65.50 0.06 pts
1.71%
8 ALHRG Herige PAR 60.73M 21.30 0.05 pts
1.43%
9 CBE Robertet SA PAR 1.43B 680.00 0.03 pts
1.00%
10 GRVO Graines Voltz S.A. PAR 26.87M 18.15 0.03 pts
0.83%
11 AKE Arkema S.A. PAR 4.50B 59.60 0.02 pts
0.68%
12 ALLUX Installux S.A. PAR 136.35M 488.00 0.01 pts
0.41%
13 JCQ Jacquet Metals SA PAR 416.99M 20.55 0.01 pts
0.24%
14 VK Vallourec S.A. PAR 4.85B 17.72 0.00 pts
0.08%
15 ALCOI Coil S.A./N.V. PAR 6.25M 1.19 0.00 pts
0.00%
16 ALDUB Encres Dubuit PAR 6.14M 2.02 0.00 pts
0.00%
17 ALEO2 Eo2 Société Anonyme PAR 6.44M 2.72 0.00 pts
0.00%
18 ALRGR Rougier S.A. PAR 12.23M 11.30 0.00 pts
0.00%
19 ALVIN Vinpai SAS PAR 9.89M 2.18 0.00 pts
0.00%
20 MLZAM ZCCM Investments Holdings Plc PAR 611.23M 3.80 0.00 pts
0.00%
21 ALHGR Hoffmann Green Cement Technologies Societe anonyme PAR 71.45M 4.01 -0.01 pts
-0.37%
22 MLPRX Parx Materials N.V. PAR 4.15M 0.398 -0.02 pts
-0.50%
23 ALCOG Cogra 48 Société Anonyme PAR 23.51M 6.92 -0.02 pts
-0.57%
24 ALGLD Gold By Gold SA PAR 15.01M 4.87 -0.02 pts
-0.61%
25 ALCRB Carbios SAS PAR 108.82M 6.40 -0.02 pts
-0.62%
26 EXPL EPC Groupe PAR 573.19M 268.00 -0.02 pts
-0.74%
27 ALKOM Plásticos Compuestos, S.A. PAR 10.62M 0.80 -0.04 pts
-1.23%
28 ALMOU Moulinvest S.A. PAR 69.90M 22.80 -0.04 pts
-1.30%
29 ALAFY AFYREN SAS PAR 104.23M 2.69 -0.07 pts
-2.18%
30 ERA ERAMET S.A. PAR 1.30B 45.18 -0.12 pts
-3.67%
31 LHYFE Lhyfe SA PAR 103.43M 2.11 -0.20 pts
-6.22%

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

Evidence context