Johannesburg Securities Exchange All Shares Index JSE All Shares

JSE All Shares Top 10: Value Investment Strategy

TOP Value Investment Strategy	VALUEVVV		GROWTHVV		SAFETYVV		COMBINED
1. Nedbank (XXL, ZA)  Diversified Banks
1. Nedbank (XXL, ZA)   Diversified Banks	100		32		75		95
2. Aspen Pharmacare (L, ZA) ☀  Pharmaceuticals
2. Aspen Pharmacare (L, ZA) ☀   Pharmaceuticals	100		50		50		90
3. Telkom (L, ZA) ☀  Integrated Telecommunication
3. Telkom (L, ZA) ☀   Integrated Telecommunication	98		17		67		83
4. Imperial (XL, ZA)  Distributors
4. Imperial (XL, ZA)   Distributors	96		67		71		100
5. Sappi (XL, ZA) ☀  Paper Products
5. Sappi (XL, ZA) ☀   Paper Products	96		8		38		38
6. Exxaro (L, ZA) ☀  Coal & Consumable Fuels
6. Exxaro (L, ZA) ☀   Coal & Consumable Fuels	93		32		100		97
7. Massmart (XL, ZA)  Hypermarkets, Super Centers
7. Massmart (XL, ZA)   Hypermarkets, Super Centers	91		27		29		27
8. Tiger Brands (L, ZA) ☀  Packaged Foods & Meats
8. Tiger Brands (L, ZA) ☀   Packaged Foods & Meats	87		25		100		75
9. Standard Bank (XXL, ZA) ☀  Diversified Banks
9. Standard Bank (XXL, ZA) ☀   Diversified Banks	86		91		77		100
10. Liberty (XL, ZA)  Life & Health Insurance
10. Liberty (XL, ZA)   Life & Health Insurance	86		96		14		87

December 14, 2018. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

JSE All Shares Top 10: Growth Investment Strategy

TOP 10 Growth Investment Strategy	VALUEVVV		GROWTHVV		SAFETYVV		COMBINED
1. Sanlam (XXL, ZA)   Life & Health Insurance
1. Sanlam (XXL, ZA)   Life & Health Insurance	32		96		96		96
2. Discovery (XL, ZA)   Life & Health Insurance
2. Discovery (XL, ZA)   Life & Health Insurance	10		75		75		78
3. Liberty (XL, ZA)   Life & Health Insurance
3. Liberty (XL, ZA)   Life & Health Insurance	86		14		14		87
4. Standard Bank (XXL, ZA) ☀   Diversified Banks
4. Standard Bank (XXL, ZA) ☀   Diversified Banks	86		77		77		100
5. Nedbank Group (XXL, ZA) ☀   Diversified Banks
5. Nedbank Group (XXL, ZA) ☀   Diversified Banks	50		48		48		79
6. Capitec Bank (XXL, ZA) ☀   Diversified Banks
6. Capitec Bank (XXL, ZA) ☀   Diversified Banks	13		54		54		53
7. Absa (XXL, ZA)   Diversified Banks
7. Absa (XXL, ZA)   Diversified Banks	67		55		55		83
8. FirstRand (XXL, ZA) ☀   Other Financial Services
8. FirstRand (XXL, ZA) ☀   Other Financial Services	42		55		55		61
9. Imperial (XL, ZA)   Distributors
9. Imperial (XL, ZA)   Distributors	96		71		71		100
10. Anglo American Platinum (XXL, ZA) ☀   Precious Metals & Minerals
10. Anglo American Platinum (XXL, ZA) ☀   Precious Metals & Minerals	34		85		85		75

December 14, 2018. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

JSE All Shares Top 10: Safety Investment Strategy

TOP 10 Safety Investment Strategy	VALUEVVV		GROWTHVV		SAFETYVV		COMBINED
1. MMI (XL, ZA)   Life & Health Insurance
1. MMI (XL, ZA)   Life & Health Insurance	22		57		100		70
2. Sanlam (XXL, ZA)   Life & Health Insurance
2. Sanlam (XXL, ZA)   Life & Health Insurance	32		100		96		96
3. Kumba Iron Ore (XL, ZA) ☀   Steel
3. Kumba Iron Ore (XL, ZA) ☀   Steel	74		35		94		83
4. Investec Limited (XXL, ZA)   Diversified Capital Markets
4. Investec Limited (XXL, ZA)   Diversified Capital Markets	72		44		89		81
5. Anglo American Platinum (XXL, ZA) ☀   Precious Metals & Minerals
5. Anglo American Platinum (XXL, ZA) ☀   Precious Metals & Minerals	34		64		85		75
6. Standard Bank (XXL, ZA) ☀   Diversified Banks
6. Standard Bank (XXL, ZA) ☀   Diversified Banks	86		91		77		100
7. Shoprite (XL, ZA) ☀   Food Retail
7. Shoprite (XL, ZA) ☀   Food Retail	31		19		76		25
8. Nedbank (XXL, ZA)   Diversified Banks
8. Nedbank (XXL, ZA)   Diversified Banks	100		32		75		95
9. Discovery (XL, ZA)   Life & Health Insurance
9. Discovery (XL, ZA)   Life & Health Insurance	10		100		75		78
10. Imperial (XL, ZA)   Distributors
10. Imperial (XL, ZA)   Distributors	96		67		71		100

December 14, 2018. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

JSE All Shares Top 10: Combined Investment Strategy

TOP 10 Combined Investment Strategy	VALUEVVV		GROWTHVV		SAFETYVV		COMBINED
1. Standard Bank (XXL, ZA) ☀   Diversified Banks
1. Standard Bank (XXL, ZA) ☀   Diversified Banks	86		91		77		100
2. Imperial (XL, ZA)   Distributors
2. Imperial (XL, ZA)   Distributors	96		67		71		100
3. Exxaro (L, ZA) ☀   Coal & Consumable Fuels
3. Exxaro (L, ZA) ☀   Coal & Consumable Fuels	93		32		100		97
4. Sanlam (XXL, ZA)   Life & Health Insurance
4. Sanlam (XXL, ZA)   Life & Health Insurance	32		100		96		96
5. Nedbank (XXL, ZA)   Diversified Banks
5. Nedbank (XXL, ZA)   Diversified Banks	100		32		75		95
6. Aspen Pharmacare (L, ZA) ☀   Pharmaceuticals
6. Aspen Pharmacare (L, ZA) ☀   Pharmaceuticals	100		50		50		90
7. Liberty (XL, ZA)   Life & Health Insurance
7. Liberty (XL, ZA)   Life & Health Insurance	86		96		14		87
8. Kumba Iron Ore (XL, ZA) ☀   Steel
8. Kumba Iron Ore (XL, ZA) ☀   Steel	74		35		94		83
9. Absa (XXL, ZA)   Diversified Banks
9. Absa (XXL, ZA)   Diversified Banks	67		72		55		83
10. Vodacom (XL, ZA)   Wireless Telecommunication
10. Vodacom (XL, ZA)   Wireless Telecommunication	50		67		67		83

December 14, 2018. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

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Top 10 lists may contain fewer than 10 stocks due to Obermatt’s top 10 quality standards.

Top 10 Stocks from the purely fact-based Obermatt Method in the stock index Johannesburg Securities Exchange All Shares Index JSE All Shares from December 14, 2018.