Week Ending: 18 September 2026

Malaysia MY Sector

Communication Services

For the week ending 18 September 2026, Communication Services declined 0.60% with 7 advancing, 9 declining, and 9 unchanged constituents. The index is equal weighted and built from country-listed equities.

Current architecture Rotation Down

Fast Activity Lines are losing the slow pair and price acceptance is deteriorating.

37 technical evidence
Index627.31 1 week-0.60% Breadth28% Members25
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 Rotation Down 2 completed weeks in this state
Trend acceptance -2.8% Index versus Trend Line
Persistence 100% Negative across every horizon
Participation 28% 7 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.

37 technical evidence
out of 100
Evidence balance

Five-pillar map

Reduce
Trend
35
Breadth
28
Persistence
28
Relative
38
Risk quality
79
What supports the view
  • No major confirming factor has secured control.
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.
  • The group is not yet delivering dependable relative outperformance.
  • Stage 4 declining constituents exceed Stage 2 advancing constituents by 54 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 829.39, 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 Rotation Down

Fast Activity Lines are losing the slow pair and price acceptance is deteriorating.

State age2 weeks
Trend gateDown
Fan width1.36%
Fast versus slow change-1.40 pts
Above 33% Below 50%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence

Negative across every horizon

100% agreement

The 13, 26, 39 and 52-week trends all point downward, confirming persistent contraction.

13-week
-3.3%
26-week
-5.3%
39-week
-15.9%
52-week
-18.0%
Regime age104 weeks 52-week flips0 52-week boundary765.28
Constituent trend persistence

Is the index move broadly durable?

92% coverage
Coherent positive13%
Coherent negative39%
Average horizon agreement78%
Positive horizon share30%
Weakening positives4
Repairing negatives3

23 constituents measured as of 18 Sep 2026. Median trend age is 23 weeks.

Custom stage map

Where constituents sit in the cycle

88% coverage
Stage 1 · Basing18%4 securities
Stage 2 · Advancing5%1 securities
Stage 3 · Distribution18%4 securities
Stage 4 · Declining59%13 securities
Re-acceleration watch0 Transition watch2 Relative strength leaders23% Fair Value repairs3

Measured as of 18 Sep 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.

Architecture breadth

How market energy is distributed

74/100 mean confidence
Upward expansion
18% 4
Rotation up
9% 2
Deceleration
5% 1
Balance
18% 4
Rotation down
0% 0
Downward expansion
50% 11
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 MY 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 MY Market Structure. A falling line means capital has done better in the parent benchmark.

Relative index66.3
13-week trend68.7
4-week trend change-1.13%
Weekly peer rank4 of 11
1 week
0.2 pts relative
4 weeks
-3.4 pts relative
13 weeks
-5.4 pts relative
26 weeks
-10.0 pts relative
52 weeks
-18.2 pts relative

Market internals

Participation, dispersion and path risk

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

Breadth

Participation quality

Narrow
Advancing
7
Declining
9
Unchanged
9
4-week average 23%
13-week average 30%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility13.4%
Drawdown from 52-week high-22.8%
Positive weeks, last 1346%
Current directional run4 weeks
Turnover versus 13-week norm166%
Breadth impulse-2.0 pts
Cross-section

Return distribution

25 measured
Q1 -2.7% Median 0.0% Q3 1.1%
Average winner4.2%
Average loser-4.9%
Dispersion4.3 pts
Top-five upside share89%
Top-five capital share97%
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.

1/4 positive
Above Trend Line1/425% of industries
Constructive breadth1/4At least half advancing
Median industry-0.84%1.33 pts dispersion
#1 Transition

Advertising Agencies

2.08%
Participation67% vs Trend1.5% vs Fair Value-8.8% Members3
#2 Contracting

Publishing

-0.64%
Participation20% vs Trend-4.6% vs Fair Value-15.7% Members5
#3 Contracting

Telecom Services

-1.03%
Participation29% vs Trend-3.6% vs Fair Value-26.0% Members14
#4 Contracting

Entertainment

-1.19%
Participation0% vs Trend-4.1% vs Fair Value-53.8% Members3

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 25 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 5031TIME dotCom Berhad
10.14% 2 0172OCK Group Berhad
4.71% 3 0386SBS Nexus Berhad
4.17% 4 6888Axiata Group Berhad
3.57% 5 6084Star Media Group Berhad
3.45%

Weakest edge

25 0017Nova Technology Services Berhad
-12.50% 24 0173Catcha Digital Berhad
-6.67% 23 0195Binasat Communications Berhad
-6.25% 22 6947Celcomdigi Berhad
-4.41% 21 4502Media Prima Berhad
-3.57%

Constituent ledger

Sector constituents

All 25 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 5031 TIME dotCom Berhad KLS 11.85B 6.41 0.41 pts
10.14%
2 0172 OCK Group Berhad KLS 472.65M 0.445 0.19 pts
4.71%
3 0386 SBS Nexus Berhad KLS 61.25M 0.125 0.17 pts
4.17%
4 6888 Axiata Group Berhad KLS 15.71B 1.74 0.14 pts
3.57%
5 6084 Star Media Group Berhad KLS 217.43M 0.30 0.14 pts
3.45%
6 9431 Seni Jaya Corporation Berhad KLS 199.85M 0.495 0.08 pts
2.06%
7 6012 Maxis Berhad KLS 27.68B 3.58 0.05 pts
1.13%
8 0007 PUC Berhad KLS 91.44M 0.03 0.00 pts
0.00%
9 0082 Green Packet Berhad KLS 38.90M 0.015 0.00 pts
0.00%
10 0092 mTouche Technology Berhad KLS 23.17M 0.025 0.00 pts
0.00%
11 0103 M N C Wireless Berhad KLS 28.30M 0.03 0.00 pts
0.00%
12 0315 Kucingko Berhad KLS 50.00M 0.10 0.00 pts
0.00%
13 0382 Foodie Media Berhad KLS 297.48M 0.335 0.00 pts
0.00%
14 5090 Media Chinese International Limited KLS 121.61M 0.075 0.00 pts
0.00%
15 5252 Sasbadi Holdings Berhad KLS 61.69M 0.145 0.00 pts
0.00%
16 6399 Astro Malaysia Holdings Berhad KLS 288.25M 0.055 0.00 pts
0.00%
17 0032 REDtone Digital Berhad KLS 301.45M 0.39 -0.10 pts
-2.50%
18 4863 Telekom Malaysia Berhad KLS 29.93B 7.80 -0.10 pts
-2.50%
19 5332 Reach Ten Holdings Berhad KLS 354.28M 0.355 -0.11 pts
-2.74%
20 0165 XOX Berhad KLS 29.74M 0.16 -0.12 pts
-3.03%
21 4502 Media Prima Berhad KLS 299.48M 0.27 -0.14 pts
-3.57%
22 6947 Celcomdigi Berhad KLS 30.50B 2.60 -0.18 pts
-4.41%
23 0195 Binasat Communications Berhad KLS 45.32M 0.075 -0.25 pts
-6.25%
24 0173 Catcha Digital Berhad KLS 95.52M 0.21 -0.27 pts
-6.67%
25 0017 Nova Technology Services Berhad KLS 31.28M 0.035 -0.50 pts
-12.50%

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

Evidence context