Oil stocks soar

SGGPO June 15, 2023 16:33

Because it was a derivatives expiry session, investors were more cautious. Market liquidity dropped sharply. For most of the trading time in the session, the VN-Index hovered around the reference level.

Stocks fell slightly in the trading session on June 15.

With the unclear trend in the world stock market when the indexes increased and decreased in opposite directions after the news that the US Federal Reserve (FED) kept interest rates unchanged after the meeting on June 14 (US time), the Vietnamese stock market in the trading session on June 15 was quite sluggish. Partly due to the derivatives expiration session, investors traded cautiously, most stocks traded in a narrow range.

While the main sectors in the market such as banking, securities, steel... gradually weakened, the group of oil and gas stocks flourished. Specifically, PVB increased to the ceiling, PVS increased by 8.2%, PVD increased by 4.27%, PVC increased by 4.6%, BSR increased by 1.16%... The real estate group was differentiated but many stocks still increased well such as DXS increased by 4.8%, CII increased by 2.05%, PDR increased by 2.06%, DRH increased by 1.72%...

Meanwhile, penny real estate stocks continued to hit the floor, with QCG hitting the floor for the second consecutive session; LGL and TDH also hit the floor. In addition, the Vingroup trio also dropped points, with VRE down 1.1%, VHM and VIC down nearly 1%.

However, many Blue-chip stocks such as: VCB, CTG, GAS, GVR, TCB, SSI, DGC, PLX, DBC, HPG, ACB... still maintained green color, contributing to the VN-Index not losing much points.

At the end of the trading session, VN Index only decreased by 0.45 points (0.04%) to 1,116.97 points with 261 stocks decreasing compared to 151 stocks increasing and 51 stocks remaining unchanged. At the end of the session on Hanoi Stock Exchange, HNX-Index increased slightly by 0.62 points (0.27%) to 229.53 points with 65 stocks increasing, 125 stocks decreasing and 143 stocks remaining unchanged.

Market liquidity decreased sharply compared to previous sessions, with total trading value across the market at only VND15,429 billion. Foreign investors continued to net buy about VND410 billion on the two exchanges HOSE and HNX.

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