Investors Sell Off Oil and Gas Stocks

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oil and gasoil pricesGASVNINDEXforeign investors

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• What Is Happening with Oil and Gas Stocks?

  Several oil and gas stocks sold off sharply on 29/10, with PVT, PVP and PPT falling to the floor price, while PVS fell 4.69%, BSR 3.83% and PLX 3.82%. The sector had rallied fast beforehand, with PVT up nearly 60% and BSR and GAS up about 40% from late July to early October, so profit-taking and money rotating between sectors added downward pressure. The VN-Index lost more than 11 points to 1,755.61, with 215 stocks down and 97 up on HoSE, and liquidity near VND 15,700 billion. Beyond energy, FPT fell 2.4% to VND 52,700 per share, its fifth straight session decline and lowest since July 2023, while PNJ dropped 6.41%. Foreign investors were net sellers of over VND 430 billion, and the article suggests the correction is not limited to oil and gas.

  CafeF·29/10, 10:26▼ BSR▼ GAS▼ PVD▼ PVToil and gasVNINDEXforeign investors
• Market Pulse 29/10: Selling Pressure Mounts, VN-Index Falls Over 12 Points in Morning Session

  VN-Index closed the morning session at 1,754.53 points, down 12.12 points, after dipping below 1,752 in the second half of the session. HNX-Index fell 2.53 points to 257.33, and UPCoM-Index dropped 1.52 points to 124.22. Red outnumbered green 388 to 184 stocks, with 17 stocks hitting the floor price, led by PVT, PVP and PPT in oil and gas. Energy fell 4.05%, IT dropped 2.64% with FPT down 2.78%, while finance and real estate slipped 0.43% and 0.51%. Total market turnover approached 8.8 thousand billion dong, and foreign investors were net sellers of nearly 610 billion dong, most heavily in FPT, TCB and PVT. Overnight, the S&P 500, Nasdaq Composite and Dow Jones Industrial Average rose 0.28%, 0.27% and 0.19%, respectively, marking a third straight session of gains for all three indexes.

  Vietstock·29/10, 07:02▼ VNINDEXVNINDEXVietnamforeign investors
• Market Pulse 27/10: Still Choppy, Consolidating

  VN-Index slipped 1.7 points to 1,761.87 and HNX-Index edged up 0.2 points to 259.5, as trading stayed choppy with 420 stocks declining against nearly 300 advancing. Stocks in banking and oil and gas mostly fell, with TCB, HCM and SSB down 1–2%, while VIC supported the index in the morning session. Foreign investors net sold VND 320 billion overall, though they net bought TCB (VND 196 billion) and VNZ (VND 171 billion), and net sold ACB and FPT at VND 177 billion and nearly VND 150 billion. Morning liquidity of nearly 6 thousand billion VND signaled cautious trading, while materials and non-essential consumer stocks held up better.

  Vietstock·27/10, 10:02• VNINDEXVNINDEXforeign investorsbanks
• Stocks Fall for Third Consecutive Session

  VN-Index closed near 1,762 points, down nearly 2 points, marking its third straight session of decline, though the index fell just 0.1% thanks to VIC, which rose 1.4% to 240,200 dong and added over 5 points. There were 192 decliners against 118 advancers, with oil and gas, chemicals, technology, securities and banking the weakest sectors. HoSE trading value reached over 13,900 billion dong, and foreign investors were net sellers of about 427 billion dong, led by ACB and FPT. VPX said short-term profit-taking pressure prevented the index from sustaining gains, and that new buying calls for caution, with investors waiting for the index to form a balance zone around MA20 before deploying capital again.

  VnExpress·27/10, 08:39▼ VNINDEXVNINDEXforeign investorsbanks
• Market pulse 15/10: Index trades in a narrow range as the market stays sharply polarized

  On 15/10, the VN-Index fell 6.5 points, near its intraday low, while HOSE liquidity reached 14.8 trillion VND, up more than 9% from the previous session. The market was sharply polarized: securities stocks rose broadly, with BSI and CTS hitting the ceiling price, while energy stocks slid, led by BSR (-6.3%), PVT (-4.3%), PVS (-4.2%) and GAS (-3.1%). MBB gained 2.8% and contributed the most points to the index. Foreign investors net sold for a tenth consecutive session, focusing on VIC, STB and TCB, while MBB was the most heavily net bought stock.

  Vietstock·15/10, 03:41• VNINDEXVNINDEXforeign investorsbrokerages
• VN-Index Falls to Two-Month Low

  VN-Index fell for four straight sessions on selling pressure in Vingroup-linked stocks, at one point dipping below 1,720 points to its lowest level since late July, before dip-buying pulled it back near that level. Four Vingroup stocks closed below the reference price, with VIC dragging the index down more than 10 points and VHM nearly 4 points. Oil and gas stocks were the weakest sector after oil prices fell following Trump's announcement that Russia and Ukraine agreed to halt attacks on each other's energy infrastructure; PLX and OIL each dropped about 3%, while steelmaker NKG closed up 6.9%. Foreign investors extended net selling to 14 consecutive sessions, and liquidity was about half of the previous week's final session. MB Securities' research team said October seasonality weighs on the market and advised investors to favor individual stocks with third-quarter profit growth from core operations.

  VnExpress·12/10, 08:52▼ BID▼ CTG▼ FPT▼ GASVNINDEXVingroupoil prices

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  Yahoo Finance·29/10, 22:40PLTRartificial intelligenceJPMorgan
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