The PVD stock of PetroVietnam Drilling and Well Services Corporation has continuously increased from VND 78,500/share to VND 96,000/share, despite a few correction sessions. In recent sessions, trading volume has been on the rise, especially as foreign investors have been actively buying — in one session, they accounted for over 48% of total trading volume.
The PET stock of PetroVietnam General Services Corporation also rose in 13 consecutive sessions during August, from VND 22,900/share to VND 30,800/share. Trading volume increased gradually, with one session recording 2.8 million shares transferred. However, foreign investors’ purchases of PET shares were more limited.
The PIT stock of Petrolimex Import-Export Corporation has also seen 15 consecutive gains since the beginning of the month, rising from VND 13,200/share to VND 19,100/share. The stock maintained decent liquidity, with an average of 400,000 shares traded per session over the past five sessions.
Despite this upward trend, the Director of SMES Securities Branch stated that oil and gas stocks have not risen significantly. Compared to the volatility of individual stock prices and the VN-Index from mid-June to the peak of most oil and gas stock charts, only a few tickers like PVD and DPM have surpassed their previous highs.
Key oil and gas stocks such as PVD, PVS, and PVC are directly involved in oil exploration or provide related services, giving them stable revenue streams. In contrast, ASP, PLC, PGS, and PVFC are purely involved in post-exploration product trading, making them more dependent on the prices of imported fuel and gas.
Although there is a wide range of oil and gas stocks, selecting the truly potential ones is challenging. Investors may consider PVS of PetroVietnam Technical Services Corporation for growth-oriented investments or DPM of Phu My Fertilizer for high and stable profitability.
(Doanh Nhan Sai Gon 2–8/9)
