Surprising oil stocks defy market decline with significant gains

In the context of the VN-Index dropping nearly 30 points, the oil stock group stood out with impressive growth. On October 31, PVD stock surged to its ceiling price, with a trading volume of nearly 13 million units, reaching 21,650 VND/share, up nearly 7%. The recent Resolution No. 66.6/2025/NQ-CP issued on October 28 granted additional approval rights to the PVN Group, enhancing its autonomy in oil and gas development, thereby attracting significant capital into this stock group. Other stocks like GAS, PVB, and PVS also reported considerable growth, with GAS recording a 41% increase in Q3 revenue, but gross profit slipping 2% due to rising costs. Meanwhile, PVS and PVD both reported strong profit growth in Q3, with PVD achieving 91% of its annual revenue target. Overall, favorable business results combined with policy news significantly boosted the oil stock group in a generally declining market.