With a solid financial foundation, bright prospects in the medium and long term, stocks of renewable energy companies are attracting more and more investors.
Vietnam’s benchmark VN-Index on the HCM Stock Exchange recovered on September 28, but slowed at the end of the session as investors increased selling to make profits.
Vietnamese shares have risen during the last three sessions on both the local exchanges, but this rally is not expected to sustain through the last trading week of August.
Shares advanced further on the two local exchanges on February 13, driven by energy stocks’ continuing rise by three consecutive sessions of positive crude trading.
Oil and gas stocks lifted the market on December 1 as global oil prices surged after the Organisation of Petroleum Exporting Countries (OPEC) members finally reached a consensus on production cuts.
Shares dropped for a fifth day on the two local exchanges on October 26 , driven by energy stocks following another drop in oil prices while investors remained cautious after a four-day losing streak.
Vietnamese shares continued to rise on both local markets on May 31, extending gains for a third session, as increasing oil prices lifted energy stocks.