Vietnamese stocks rebounded on Friday morning after a brief decline on Thursday as investors bet on their recovery along with rising global oil prices.

The benchmark VN Index on HCM Stock Exchange moved up 0.83 per cent to close at 1,084.92 points. It had dropped 1.02 per cent to close at 1,076.03 points on Thursday.

The HNX Index on Ha Noi Stock Exchange inched up 0.42 per cent to end at 125.21 points. The index had edged down 0.92 per cent to end at 124.70 points on Thursday.

Meanwhile, the UPCOM Index on the Unlisted Public Company Market decreased slightly by 0.02 per cent to stand at 59.29 points. It had lost 0.15 per cent to finish at 59.28 points on Thursday.

More than 119.3 million shares, worth VNĐ3.4 trillion (US$147 million), were traded on the three exchanges in the morning trade.

The market was dominated by gaining stocks, which outstripped gainers by 307 to 247.

Blue chips continued to perform well as 22 of the 30 largest ones by market capitalisation and liquidity in the VN30 Index increased. The VN30 Index was up 0.68 per cent to end at 1,071.57 points.

US crude West Texas Intermediate advanced 1.77 per cent to trade at $62.77 per barrel, while London-traded Brent crude gained 1.35 per cent to trade at $66.3 per barrel.

Some of the largest energy stocks, such as PetroVietnam Gas Corp, PetroVietnam Drilling and Well Service Corp and PetroVietnam Technical Service Corp, increased between 1.6 per cent and 3.6 per cent in local trading.

The afternoon trading session starts at 1pm. — VNS