Energy stocks on the Vietnamese market performed well following the strong growth of oil prices. — Photo kiplinger.com

Viet Nam’s benchmark VN Index was near its all-time high of 1,170 points on Wednesday morning as investor confidence remained upbeat on the positive movement of energy stocks.

The VN Index on the HCM Stock Exchange gained 0.75 per cent to close at 1,168.14 points, rising further from a seven-session rally of a total of 3.2 per cent.

More than 135 million shares were traded on the southern bourse, worth VND3.7 trillion (US$164.5 million).

The southern stock exchange was covered with a positive trading condition as gaining stocks outnumbered losers by 156 to 124.

The minor HNX Index on the Ha Noi Stock Exchange inched down 0.06 per cent to end at 135.20 points, showing signs of decline after having increased by a total of 7.7 per cent in the previous nine sessions.

More than 36.4 million shares were exchanged on the northern bourse, worth VND704 billion.

On the Unlisted Public Company Market (UPCoM), the UPCOM Index dropped 0.46 per cent to 60.80 points, extending its downtrend for a second day.

Energy stocks on the Vietnamese market performed well following the strong growth of oil prices.

PetroVietnam Oil (PVO), PetroVietnam Drilling and Well Services (PVD), PetroVietnam Technical Services (PVS) and PetroVietnam Gas (GAS) posted the strongest increases, between 2 per cent and 5.7 per cent.

Other industries that were also positive included real estate, insurance, banking, construction and healthcare.

The afternoon trading session starts at 1pm. — VNS