Aug 28: 2 Strong Themes — Petrochemicals, Oil Refining
2 strong themes — 2 recurred. Top: Petrochemicals +5.6%.
Average change by strong theme
Theme leaders · recent trend
| Theme | Leader | Change | Trend |
|---|---|---|---|
| Petrochemicals | Lotte Chemical | +5.10% | |
| Oil Refining | SK Innovation | +3.61% |
On Aug 28, Petrochemicals topped the strong themes with an average change of 5.64%. Both stocks rose: LG Chem gained 6.18% and theme leader Lotte Chemical 5.1%.
Oil Refining followed with an average change of 4.29%, and all three of its stocks advanced. GS Holdings rose 4.98%, S-Oil 4.27% and leader SK Innovation 3.61%.
Same-day Korean news reports tied the gains in Oil Refining and chemical stocks to surging oil prices and calmer global markets.
Today’s Strong Themes at a Glance
| # | Theme | Status | Avg. change | Up/Total | Leader |
|---|---|---|---|---|---|
| 1 | Petrochemicals | recurred after 15 days | +5.6% | 2/2 | Lotte Chemical |
| 2 | Oil Refining | recurred after 11 days | +4.3% | 3/3 | SK Innovation |
Theme by Theme
1. Petrochemicals (recurred after 15 days)
- Episode: started 2015-08-28, day 1
2. Oil Refining (recurred after 11 days)
- Episode: started 2015-08-28, day 1
| Stock | Change | Close | Leader |
|---|---|---|---|
GS Holdings 078930 | +5.0% | 46,400 | |
S-Oil 010950 | +4.3% | 61,000 | |
SK Innovation 096770 | +3.6% | 98,887 | ★ |
Related news
- [특징주]유가 급등에 정유화학株 강세 — 머니투데이 (Korean)
- [특징주]유가상승·글로벌 증시 안정에 정유화학株 ‘강세’ — 이데일리 (Korean)
- [특징주] 국제유가 폭등에 정유화학주 급등 — 브릿지경제 (Korean)
Closing Thoughts
Each theme is on a streak of 1 day, so the coming sessions will show whether the move extends. Petrochemicals had last appeared 15 days earlier and Oil Refining 11 days earlier.
Another question is whether oil prices keep moving Oil Refining and Petrochemicals together, as the Aug 28 news coverage suggested.