Jul 3: 3 Strong Themes — Power Equipment, Petrochemicals

July 3, 2017 · #Power Equipment #Petrochemicals #Oil Refining

3 strong themes — 3 recurred. Top: Power Equipment +5.3%.

Strong themes3 Top change+5.3% LeaderSemyungElectricMachinery

Average change by strong theme

Average change of member stocks, by theme · descending
Power Equipment
+5.3%
Petrochemicals
+3.8%
Oil Refining
+2.3%

Theme leaders · recent trend

The line is the trend; the end-point colour is the last trading day's direction. Stocks without enough price history show as -
ThemeLeaderChangeTrend
Power EquipmentSemyungElectricMachinery+9.65%
PetrochemicalsKumho Petro Chemical+5.17%
Oil RefiningS-Oil+2.32%

Three themes stood out on 2017-07-03, and every stock in each of them closed higher. Power Equipment led with an average change of 5.29% across 3 stocks.

SemyungElectricMachinery drove that move, rising 9.65% to close at 6020 on volume of 13195994 shares. A same-day Korean news report highlighted its sharp intraday jump.

Petrochemicals came next with an average change of 3.79%, and Kumho Petro Chemical led it at 5.17%. Oil Refining posted an average change of 2.26%, with S-Oil up 2.32%.

Today’s Strong Themes at a Glance

#ThemeStatusAvg. changeUp/TotalLeader
1Power Equipmentrecurred after 33 days+5.3%3/3SemyungElectricMachinery
2Petrochemicalsrecurred after 42 days+3.8%3/3Kumho Petro Chemical
3Oil Refiningrecurred after 41 days+2.3%2/2S-Oil

Theme by Theme

1. Power Equipment (recurred after 33 days)

StockChangeCloseLeader
SemyungElectricMachinery 017510+9.7%6,020★
LS 006260+3.2%75,200
Kwang Myung Electric 017040+3.0%2,870

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2. Petrochemicals (recurred after 42 days)

StockChangeCloseLeader
Kumho Petro Chemical 011780+5.2%77,300★
Dongsung Chemical 005190+3.4%19,650
Korea Petro Chemical Ind 006650+2.8%260,000

3. Oil Refining (recurred after 41 days)

StockChangeCloseLeader
S-Oil 010950+2.3%97,000★
GS Holdings 078930+2.2%69,700

Related news

Closing Thoughts

All three themes returned after gaps of 33 to 42 days, and so far each run has lasted only 1 day. The first thing to watch is whether Power Equipment keeps rising past that 1-day streak.

A same-day Korean news report tied the refining and chemical gains to higher international oil prices. Another report said crude was down 14% this year, so oil remains the key backdrop.