By the end of Monday session, GAS shares of state-owned oil and gas corporation PetroVietnam Gas JSC rose 2.38 percent, its biggest increase since May. BSR stocks of Binh Son Refinery JSC, one of Vietnam’s two oil refineries, jumped a record 5.7 percent, while PLX shares of major state-owned oil and gas distribution giant Petrolimex rose 1.3 percent. Similarly, other stocks belonging to the government’s oil and gas group PetroVietnam (PV) also recorded increases. PVS stocks of PV Technical Services Corporation, PVD of PV Drilling, and PVB of PV Coating rose 3.6 percent, 3.4 percent and 2.5 percent respectively, with transaction volumes roughly doubling over the last session. Vietnam’s benchmark VN-Index closed with an increase of 2.64 points (0.27 percent) to 989.86 points by the end of Monday. 323 stocks gained and 287 stocks lost during this session. The VN30-Index for Vietnam’s 30 biggest market cap companies also registered a modest 0.39 percent rise, led by blue-chips such as VNM of dairy giant Vinamilk, up 1.2 percent; MSN of food conglomerate Masan Group, up 1.7 percent; and VJC of budget carrier Vietjet Air, up 1.7 percent. The HNX-Index, a smaller exchange accounting for roughly 10 percent of market cap across… Read full this story
- ANALYSIS: Why oil prices are only going in one direction
- ‘No right or wrong time to invest in gold, up allocation to 15% in portfolio'
- US election: Can markets tolerate the madness?
- Expect a lot more of the same if Trump wins a second term
Oil and gas stocks rally as world prices rise have 247 words, post on e.vnexpress.net at September 16, 2019. This is cached page on Talk Vietnam. If you want remove this page, please contact us.
