Jan 16: 1 Strong Theme — Banks

January 16, 2017 · #Banks

1 strong theme — 1 recurred. Top: Banks +2.6%.

Strong themes1 Top change+2.6% LeaderIndustrial Bank Of Korea

Average change by strong theme

Average change of member stocks, by theme · descending
Banks
+2.6%

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
BanksIndustrial Bank Of Korea+3.67%

Banks was the only strong theme on 2017-01-16, and all four of its stocks closed higher. The group posted an average change of 2.63%.

Industrial Bank Of Korea led with a 3.67% gain, closing at 12700. A same-day Korean news report linked the move to expectations of a special dividend this year.

KB Financial Group rose 2.96%, Hana Financial Group 2.01% and Shinhan Financial Group 1.9%. The theme came back after a gap of 31 days.

Today’s Strong Themes at a Glance

#ThemeStatusAvg. changeUp/TotalLeader
1Banksrecurred after 31 days+2.6%4/4Industrial Bank Of Korea

Theme by Theme

1. Banks (recurred after 31 days)

StockChangeCloseLeader
Industrial Bank Of Korea 024110+3.7%12,700★
KB Financial Group 105560+3.0%45,150
Hana Financial Group 086790+2.0%33,050
Shinhan Financial Group 055550+1.9%45,650

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Closing Thoughts

The open question is whether Banks can stretch its streak past a single day after this return. Whether all four names keep moving together will show how broad any follow-through is.

More reporting on the special dividend expectations around Industrial Bank Of Korea could show whether the leader keeps setting the pace for the group.