The oil and petrochemical sector launched a full-day offensive today (October 8), with shipping, oil and gas equipment, and gas stocks among the top gainers.

By market close, China Merchants Energy Shipping Co., Ltd. (ASX: 600026) and China Merchants Nanjing Tanker Corporation (ASX: 601975) both hit the daily limit up, while China Merchants Energy Shipping Co., Ltd. (ASX: 601872) rose over 9%. PetroChina Company Limited (ASX: 300164) and China Petroleum & Chemical Corporation (ASX: 300483) each gained more than 7%. The underlying index of Oil ETF Huabao (159019), the CSI Oil and Gas Index, closed up 3.09%.

Note: As of the end of September 2026, in the CSI Oil and Gas Index, the weights of China Merchants Energy Shipping Co., Ltd., China Merchants Nanjing Tanker Corporation, China Merchants Energy Shipping Co., Ltd., PetroChina Company Limited, and China Petroleum & Chemical Corporation were 3.83%, 2.49%, 4.43%, 0.77%, and 1.3%, respectively.

On the news front, data showed that during the National Day holiday, the TCE rate for the VLCC West Africa–China route rose to $1.3268 million per day, setting a record high. The crude oil transportation index BDT surged 419.5% year-on-year, while the refined oil transportation index BCT rose 294% year-on-year. The recovery of Middle Eastern cargo volumes combined with tight ship turnover pushed capacity to continuously gather in the high-yield Eastern Hemisphere, with Suezmax and Aframax vessel rates also strengthening in tandem.

Some analysts pointed out that this round of oil shipping upturn is not a single-point explosion but is driven by a resonance of multiple factors including cargo structure optimization, extended transshipment to the west coast of India, and Chinese refineries increasing crude oil purchases from Iraq and Qatar. The prosperity is spreading from VLCC to broader regions and vessel types.

Analysts believe that marginal strengthening of compliant transportation demand, combined with the approaching peak season, provides solid support for freight rates. Guosen Securities stated that due to geopolitical conflicts, the Brent and WTI oil price centers are expected to be in the $80–100 per barrel range in 2026, and the upstream oil and gas exploration sector is expected to maintain high prosperity. Refining and chemical enterprises with overseas production capacity and export qualifications are expected to see improved profitability.

*Guojin Securities recommends focusing on the upstream oil and gas resources and offshore oil and gas engineering services sectors, which benefit from geopolitical conflicts and rising oil prices. Global refined oil and some chemical production capacity losses are severe, supply is tight, and attention should be paid to the large refining and chemical sector, where industry prosperity is expected to recover.*

One-click layout of the entire oil and gas industry chain, grasp the dividends of the era of energy security, and focus on Oil ETF Huabao (159019).

Oil ETF Huabao (159019) tracks the CSI Oil and Gas Index, with its constituent stock portfolio covering 50 A-shares in oil and gas exploration and development, oil and gas equipment and services, gas transmission and distribution sales, and other oil and gas industry-related fields in one click, with the "three barrels of oil" accounting for nearly 40%.

Note: As of the end of September 2026, in the CSI Oil and Gas Index, the weights of China National Petroleum Corporation (ASX: 601857), China Petroleum & Chemical Corporation (ASX: 600028), and China National Offshore Oil Corporation (ASX: 600938) were 15.9%, 12.45%, and 13.25%, respectively.

Source of institutional views: Guosen Securities' September 27 oil and gas industry August 2026 monthly report "US-Iran negotiations blocked, global oil prices rebounded sharply in August, refined oil shortage continues to intensify"; Guojin Securities' September 1 securities research report "Petrochemical Industry 2026 Interim Report Summary — Geopolitical and Supply Disturbances Resonate."

Source: Shanghai and Shenzhen Stock Exchanges, etc., as of October 8, 2026. Reminder: Recent market volatility may be significant, and short-term gains or losses do not predict future performance. Investors must invest rationally based on their own financial conditions and risk tolerance, and pay high attention to position and risk management.

Risk disclosure: Oil ETF Huabao passively tracks the CSI Oil and Gas Index, whose base date is December 31, 2002, and was launched on December 30, 2014. The constituent stock composition of the index is adjusted in due course according to the index compilation rules, and its back-tested historical performance does not predict the future performance of the index. The individual stocks mentioned in this article are only objectively listed as index constituents and do not constitute any individual stock recommendation, nor do they represent the fund manager or the fund's investment direction. Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, and any form of expression) is for reference only, and investors are responsible for any investment decisions they make independently. In addition, any views, analyses, and forecasts in this article do not constitute any form of investment advice to readers, nor do they assume any responsibility for direct or indirect losses caused by the use of the content of this article. Investors should carefully read the "Fund Contract," "Prospectus," "Fund Product Information Summary," and other fund legal documents to understand the risk-return characteristics of the fund and choose products suitable for their own risk tolerance. Past performance of the fund does not predict its future performance, and the performance of other funds managed by the fund manager does not constitute a guarantee of the fund's performance. According to the fund manager's assessment, the risk level of Oil ETF Huabao is R3-Medium Risk, suitable for investors with balanced (C3) or above risk tolerance. The appropriateness matching opinion should be subject to the sales institution. Sales institutions (including the fund manager's direct sales institution and other sales institutions) conduct risk assessments on the above funds in accordance with relevant laws and regulations, and investors should promptly pay attention to the appropriateness opinions issued by the fund manager. The appropriateness opinions of various sales institutions are not necessarily consistent, and the fund product risk level evaluation results issued by fund sales institutions shall not be lower than the risk level evaluation results made by the fund manager. There are differences between the fund's risk-return characteristics and the fund risk level in the fund contract due to different consideration factors. Investors should understand the risk-return situation of the fund, carefully select fund products based on their own investment purposes, time horizon, investment experience, and risk tolerance, and bear the risks themselves. The registration of the above funds by the China Securities Regulatory Commission does not indicate that it has made a substantive judgment or guarantee on the investment value, market prospects, and returns of the fund. Fund investment requires caution.

MACD golden cross signals have formed, and these stocks are performing well!