Oil stocks "fall" following signs of cooling of Middle East war

(Dan Tri) - VN-Index approaches 1,370 point mark, market pillar lies in Vingroup stocks.

On June 24, oil and gas stocks fell across the board following signs of cooling down in the Middle East war.

Specifically, PLX shares fell 5.35%, the sharpest decline in the VN30 group. This is in contrast to the recent excitement of this code, with 10 sessions increasing by nearly 9%. The current price range is also the highest in the past 3 months.

Besides PLX, GAS shares also decreased by 4.82% to 69,100 VND/unit. This adjustment session is rare in the past 10 days, the rest of the shares increased in price. Despite the decrease, the current GAS market price is still the highest in the past 6 months.

In addition to the two leading stocks above, many other oil and gas stocks also decreased such as BSR , PVT, PVD...

The overall oil and gas industry performance was in contrast to many recent sessions, after President Trump unexpectedly announced late on June 23 that Israel and Iran had agreed to a 12-hour ceasefire and end the 12-day war. Mr. Trump hoped this would be a permanent ceasefire.

This afternoon, Israel confirmed that it had agreed to a ceasefire with Iran as proposed by US President Donald Trump after achieving “ military success” in Iran.

Group of stocks strongly affecting the index (Screenshot).

Returning to the general market developments, VN-Index is approaching the 1,370 point mark. At the end of this session, the index increased by 8.59 points to 1,366.77 points.

The market's growth pillar was Vingroup stocks with the increase and large contribution of VIC and VHM. VIC stocks increased by 3.23%, VHM increased by 4.46%, while VRE and VPL increased slightly.

Billionaire Pham Nhat Vuong's assets also increased by 726 million USD, reaching 10.5 billion USD, ranking 268th richest person in the world, according to real-time updates by Forbes.

During the excited market session, foreign investors increased net buying of SSI, VHM, HPG, VND.

Source: https://dantri.com.vn/kinh-doanh/co-phieu-dau-khi-roi-theo-dau-hieu-ha-nhiet-cua-chien-su-trung-dong-20250624155009203.htm