Shares advanced further on Wednesday morning on both local markets as blue chips continued to perform well on positive investor confidence. — Photo tinnhanhchungkhoan.vn

Shares advanced further on Wednesday morning on both local markets as blue chips continued to perform well on positive investor confidence.

The benchmark VN Index on the HCM Stock Exchange gained 0.61 per cent to close at 771.96 points.

The HNX Index on the Ha Noi Stock Exchange rose 1.08 per cent to end at 98.87 points.

The two indices increased by nearly one per cent each on Tuesday.

More than 146.8 million shares were traded on both exchanges, worth nearly VND2.39 trillion (US$106 million).

According to Vietnam Investment Securities Co (IVS), investor confidence improved following a three-day losing streak, boosting most of the stock market's 20 sectors.

Among the 20 sectors, financial-banking stocks posted the highest growth rates, followed by energy and real estate stocks.

All nine listed bank stocks advanced with share prices increasing between 0.5 per cent and 4.2 per cent.

Shares of brokerages also posted good gains. such as Bao Viet Securities (BVS), Sai Gon-Ha Noi Securities (SHS), FPT Securities (FTS) and HCM City Securities (HCM).

Other stocks that made impressive gains on Wednesday morning included PetroVietnam Gas (GAS), real estate firm Vingroup (VIC) and Tien Phong Plastic JSC (NTP).

The afternoon session starts at 1pm. — VNS