Oct 8: 2 Strong Themes — Cannabis, Shipbuilding
2 strong themes — 2 recurred. Top: Cannabis +9.5%.
Average change by strong theme
Theme leaders · recent trend
| Theme | Leader | Change | Trend |
|---|---|---|---|
| Cannabis | Phionx | +12.35% | |
| Shipbuilding | HD Hyundai Mipo | +6.86% | - |
Two themes stood out in the Oct 8, 2019 session. Cannabis led with an average change of 9.48%, and all 3 of its stocks closed higher.
Cornerstone Networks topped the group at 14.49%, while leader Phionx rose 12.35%. Osung Advanced Materials added 1.6%. The theme came back after a 7-day gap.
Shipbuilding also returned, after a 29-day gap, with an average change of 3.94%. All 4 stocks rose, and leader HD Hyundai Mipo gained 6.86%.
Today’s Strong Themes at a Glance
| # | Theme | Status | Avg. change | Up/Total | Leader |
|---|---|---|---|---|---|
| 1 | Cannabis | recurred after 7 days | +9.5% | 3/3 | Phionx |
| 2 | Shipbuilding | recurred after 29 days | +3.9% | 4/4 | HD Hyundai Mipo |
Theme by Theme
1. Cannabis (recurred after 7 days)
- Episode: started 2019-10-08, day 1
| Stock | Change | Close | Leader |
|---|---|---|---|
Cornerstone Networks 033110 | +14.5% | 1,185 | |
Phionx 900100 | +12.3% | 72,340 | ★ |
Osung Advanced Materials 052420 | +1.6% | 26,070 |
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2. Shipbuilding (recurred after 29 days)
- Episode: started 2019-10-08, day 1
| Stock | Change | Close | Leader |
|---|---|---|---|
HD Hyundai Mipo 010620 | +6.9% | 46,700 | ★ |
HD Korea Shipbuilding & Offshore Engineering 009540 | +3.3% | 126,000 | |
Samsung Heavy Industries 010140 | +2.8% | 7,542 | |
HJ Shipbuilding & Construction 097230 | +2.8% | 4,605 |
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Closing Thoughts
Both themes are on day 1 of their current streak, so the next session will show whether either one continues. Cannabis stocks rose on news of expanded US cannabis cultivation, according to Seoul Economic Daily.
In Shipbuilding, Samsung Heavy Industries traded the most shares at 3797837, against 323891 for HD Hyundai Mipo. The next session will show whether that trading activity holds up.