The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.
53
technical evidence
out of 100
out of 100
Week Ending: 18 September 2026
Malaysia MY Sector
Basic Materials
For the week ending 18 September 2026, Basic Materials declined 0.46% with 34 advancing, 47 declining, and 26 unchanged constituents. The index is equal weighted and built from country-listed equities.
Current architecture
Upward Expansion
The activity fan is positively ordered above a rising Trend Line with price accepted above it.
53
technical evidence
Index1420.45
1 week-0.46%
Breadth32%
Members107
Country
🇲🇾 Malaysia · MY
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
Upward Expansion
5 completed weeks in this state
Trend acceptance
3.2%
Index versus Trend Line
Persistence
100%
Positive across every horizon
Participation
32%
34 advancing, 47 declining
Investor positioning lens
Is the evidence ready for capital?
A rules-based technical classification using trend, breadth, persistence, relative strength and path quality.
Evidence balance
Wait
Five-pillar map
Trend
69
Breadth
23
Persistence
37
Relative
68
Risk quality
94
What supports the view
- The index remains above a constructive Trend gate.
- Medium-term relative returns and peer standing remain constructive.
What restrains conviction
- Breadth remains too narrow or inconsistent for a high-conviction position.
- Constituent persistence remains divided or predominantly negative.
- The current 13-week parent-relative trend is weakening.
- Stage 4 declining constituents exceed Stage 2 advancing constituents by 28 percentage points.
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.
The activity fan is positively ordered above a rising Trend Line with price accepted above it.
State age5 weeks
Trend gateUp
Fan width2.16%
Fast versus slow change0.82 pts
Above 100%
Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
100% agreement
Positive across every horizon
The 13, 26, 39 and 52-week trends all point upward, giving the advance broad horizon agreement.
13-week
2.7%
26-week
6.1%
39-week
3.5%
52-week
2.2%
Constituent trend persistence
98% coverage
Is the index move broadly durable?
33%positive
Coherent positive21%
Coherent negative30%
Average horizon agreement82%
Positive horizon share38%
Weakening positives7
Repairing negatives16
105 constituents measured as of 18 Sep 2026. Median trend age is 19 weeks.
Custom stage map
96% coverage
Where constituents sit in the cycle
47%Stage 4
Stage 1 · Basing29%30 securities
Stage 2 · Advancing19%20 securities
Stage 3 · Distribution5%5 securities
Stage 4 · Declining47%48 securities
Re-acceleration watch0
Transition watch13
Relative strength leaders27%
Fair Value repairs21
Measured as of 18 Sep 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
77/100 mean confidence
How market energy is distributed
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 MY Market Structure
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than MY Market Structure. A falling line means capital has done better in the parent benchmark.
Relative index89.3
13-week trend87.9
4-week trend change-0.04%
Weekly peer rank3 of 11
1 week
0.3 pts
relative
4 weeks
2.5 pts
relative
13 weeks
0.6 pts
relative
26 weeks
1.5 pts
relative
52 weeks
2.0 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Narrow
Participation quality
32%
advanced
- Advancing
- 34
- Declining
- 47
- Unchanged
- 26
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility7.5%
Drawdown from 52-week high-2.0%
Positive weeks, last 1362%
Current directional run1 week
Turnover versus 13-week norm190%
Breadth impulse-4.3 pts
Cross-section
107 measured
Return distribution
Q1 -2.9%
Median 0.0%
Q3 1.2%
Average winner4.7%
Average loser-5.0%
Dispersion7.0 pts
Top-five upside share45%
Top-five capital share79%
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.
1/8
positive
Above Trend Line5/863% of industries
Constructive breadth0/8At least half advancing
Median industry-0.66%1.18 pts dispersion
#1
Narrowing
Specialty Chemicals
1.12%
Participation38%
vs Trend10.6%
vs Fair Value-10.9%
Members24
#2
Narrowing
Steel
-0.27%
Participation35%
vs Trend1.1%
vs Fair Value-10.0%
Members26
#3
Narrowing
Building Materials
-0.43%
Participation38%
vs Trend0.7%
vs Fair Value-5.5%
Members21
#4
Weakening
Aluminum
-0.56%
Participation40%
vs Trend-0.2%
vs Fair Value7.9%
Members5
#5
Contracting
Paper & Paper Products
-0.77%
Participation33%
vs Trend-3.9%
vs Fair Value-22.9%
Members3
#6
Narrowing
Lumber & Wood Production
-1.16%
Participation23%
vs Trend2.1%
vs Fair Value-4.5%
Members13
#7
Contracting
Agricultural Inputs
-2.45%
Participation25%
vs Trend-1.6%
vs Fair Value-14.2%
Members4
#8
Narrowing
Chemicals
-2.86%
Participation13%
vs Trend7.6%
vs Fair Value-21.4%
Members8
News and narrative
Does company news confirm the market tape?
Sentiment evidence is still developing
Qualified company-level news coverage is not yet broad enough to influence the group view.
0 qualified records across 107 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Sector constituents
Top 100 of 107 shown, ranked by latest weekly return.
Rank
Ticker
Company
Exchange
Market cap
Close
Index contribution
Return
The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.