Artive indexes

Commerce, indexed.

Six ways to read listed South African commerce, built from the shares on our watchlist and charted against the JSE Top 40. Pick a period, then pick an index.

ACI vs Top 40Artive Commerce Index

Every share on our watchlist, equally weighted. Listed South African commerce in one line.

30 Sept 2025 to 30 Sept 2026. Base 100.

In the index

  1. Exemplar REITailEXP+13107.3%
  2. Super GroupSPG+35.7%
  3. HypropHYP+31.9%
  4. AttacqATT+30.1%
  5. SpurSUR+28.4%
  6. OceanaOCE+27.7%
  7. FairvestFTB+27.2%
  8. CapitecCPI+26.2%
  9. MTNMTN+25.2%
  10. Resilient REITRES+19.4%
  11. AB InBevANH+19.0%
  12. PremierPMR+18.8%
  13. BoxerBOX+17.9%
  14. ShopriteSHP+17.7%
  15. VukileVKE+17.2%
  16. Southern SunSSU+17.2%
  17. LewisLEW+14.5%
  18. VodacomVOD+13.3%
  19. Tsogo SunTSG+12.7%
  20. Combined Motor HoldingsCMH+12.1%
  21. Sun InternationalSUI+11.4%
  22. FortressFFB+9.4%
  23. City LodgeCLH+7.4%
  24. RichemontCFR+7.1%
  25. Lighthouse PropertiesLTE+3.8%
  26. NEPI RockcastleNRP+3.8%
  27. MotusMTH+3.4%
  28. TelkomTKG+2.6%
  29. BidcorpBID+1.3%
  30. Sea HarvestSHG+0.9%
  31. Quantum FoodsQFH-0.1%
  32. KaroooooKRO-0.5%
  33. British American TobaccoBTI-2.5%
  34. Famous BrandsFBR-3.3%
  35. LesakaLSK-8.4%
  36. Astral FoodsARL-8.6%
  37. ItaltileITE-15.2%
  38. Dis-ChemDCP-17.2%
  39. AVIAVI-17.9%
  40. Mr PriceMRP-20.0%
  41. TruworthsTRU-20.4%
  42. Tiger BrandsTBS-22.1%
  43. Pick n PayPIK-24.1%
  44. LibstarLBR-24.8%
  45. PepkorPPH-26.5%
  46. Purple GroupPPE-26.5%
  47. WoolworthsWHL-26.5%
  48. CashbuildCSB-27.3%
  49. RCL FoodsRCL-29.8%
  50. Blu LabelBLU-38.7%
  51. ClicksCLS-40.4%
  52. NaspersNPN-43.8%
  53. ProsusPRX-45.5%
  54. TFGTFG-55.8%
  55. SPARSPP-57.4%
  56. ChoppiesCHP-61.1%
Index level, rebased to 100. Built from delayed JSE prices via Yahoo Finance. Not advice.

The mood gaugeWants versus needs.

Wants divided by Needs. When the line rises, the market is paying up for discretionary spending over essentials: a read on how confident it is about the South African shopper.

Wants have beaten needs by 4.0% over the period.

Wants index divided by Needs index, times 100. Built from delayed JSE prices via Yahoo Finance. Not advice.

How the indexes work

  1. 01

    Equal weighted: every member counts the same, whatever its size, so Naspers doesn’t drown out Lewis.

  2. 02

    Rebalanced daily and rebased to 100 at the start of the period you pick. Price only; dividends are not added back.

  3. 03

    A share listed during the period joins from its first trading day. A one-day move of more than 35% is treated as a bad print in the source data and ignored.

  4. 04

    Built from delayed closing prices from Yahoo Finance. The 5Y view uses weekly closes.

Artive Capital doesn’t raise outside capital; it only trades and invests Artive’s own, and has no clients. This is a screen we use to decide where to look, not a recommendation to buy or sell anything. Prices are delayed and third-party data can be wrong; check with your broker before you act.

We don’t take outside money, but we always like talking markets and commerce.

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