Wednesday witnessed a turbulent trading session as banks and oil stocks grappled with mounting pressures, resulting in a notable downturn in their performance.
Oil businesses with strong financial health benefitting from the current high oil prices will be the appropriate choices for investors’ portfolio in the current volatile market context.
Shares finished higher on Wednesday thanks to the rise of large-cap in the banking and mining groups, bolstered by increased buying demand at the end of the trading session.
Even though the average price of oil is unlikely to reach US$100 a barrel in 2022, it may hover above the break-even price of exploitation in Viet Nam, which is around $60 per barrel.