Nov 2: 1 Strong Theme — Oil Refining
1 strong theme — 1 recurred. Top: Oil Refining +1.9%.
Average change by strong theme
Theme leaders · recent trend
| Theme | Leader | Change | Trend |
|---|---|---|---|
| Oil Refining | GS Holdings | +2.87% |
Oil Refining was the strong theme of the Nov 2 session, returning after a gap of 13 days. All 3 of its stocks rose, for an average change of 1.9%.
GS Holdings led the group with a gain of 2.87%, closing at 53800. SK Innovation added 1.6% and S-Oil rose 1.23%.
Same-day Korean news reports centred on SK Innovation, citing an upturn in refining and PX conditions. One described its refining and chemicals units as entering a recovery phase.
Today’s Strong Themes at a Glance
| # | Theme | Status | Avg. change | Up/Total | Leader |
|---|---|---|---|---|---|
| 1 | Oil Refining | recurred after 13 days | +1.9% | 3/3 | GS Holdings |
Theme by Theme
1. Oil Refining (recurred after 13 days)
- Episode: started 2016-11-02, day 1
| Stock | Change | Close | Leader |
|---|---|---|---|
GS Holdings 078930 | +2.9% | 53,800 | ★ |
SK Innovation 096770 | +1.6% | 155,956 | |
S-Oil 010950 | +1.2% | 82,000 |
Related news
- SK이노베이션, 정유ㆍPX 업황 상승 사이클…목표가 ↑-유안타증권 — 이투데이 (Korean)
- “SK이노베이션, 정유 PX 강세…기업가치 상승” — 뉴스핌 (Korean)
- [Hot-Line] “SK이노, 정유·석화 회복국면 진입”…투자의견·목표가↑ — 매일경제 (Korean)
Closing Thoughts
The current episode has lasted 1 day, so the next question is whether Oil Refining can extend its streak. Breadth is another gauge, after all 3 stocks closed higher on Nov 2.
Another point is whether the refining and PX upturn described in Korean news reports keeps showing up in volume. Volume was highest for S-Oil at 341283 shares.