Shares extended rallies on Thursday morning, with both benchmark indices continuing to recover from recent losses.

On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index closed the morning trade at 1,483.86 points, gaining 6.66 points, or 0.45 per cent.

The market breadth was positive with more stocks increasing, while liquidity was still lower than the previous session. During the trade, more than 284.9 million shares were traded on the southern bourse, worth nearly VND10.6 trillion (US$462.5 million).

The index's uptrend was boosted by gains in large-cap stocks and many retail and commodities stocks.

The 30 biggest stocks tracker VN30-Index posted an increase of 6.43 points, or 0.42 per cent, to 1,531.82 points.

In the VN30 basket, 16 stocks rose, while 11 slid and three stayed unchanged.

Leading the bullish trend was banking stock - VPBank (VPB), with a gain of 2.44 per cent. It was followed by PV Gas (GAS), FPT Corporation (FPT), Mobile World Investment Corporation (MWG), Duc Giang Chemicals Group JSC (DGC) and Vietnam Rubber Group (GVR), up in a range of 1.88-6.62 per cent.

Other retail and commodities stocks also witnessed strong performance this morning such as Digiworld (DGW) up 6.31 per cent, Phu Nhuan Jewelry JSC (PNJ) up 2.67 per cent, and Petro Viet Nam Ca Mau Fertiliser JSC (DCM) up 6.62 per cent.

The HNX-Index in Ha Noi also extended gains, up 2.6 points, or 0.61 per cent, to 430.05 points. VNS