Higher investor confidence following an increase of global markets and oil prices on Wednesday continued to lift local stocks in the early session. — Photo vietnamplus.vn

HA NOI (Biz Hub) — Vietnamese shares advanced again in the early session, following the recovery of global stock markets and oil prices on Wednesday.

The benchmark VN Index on the HCM Stock Exchange gained 0.6 per cent to close at 634.01 points.

The HNX Index on the Ha Noi Stock Exchange inched up 0.1 per cent to end at 84.86 points.

Investor confidence remained high as global stock markets continued to rise.

Blue chips benefited from the improved sentiment. Property and retail firm Vingroup JSC (VIC) jumped 3.3 per cent and dairy firm Vinamilk (VNM) added 0.7 per cent.

Listed energy companies also contributed to markets' gains with crude prices rising for the second day on Wednesday after earlier plunging on the Brexit poll.

London-traded Brent crude finished Wednesday at US$50.61 per barrel, marking a two-day jump of 7.3 per cent.

On the local markets, PetroVietnam Gas Corp (GAS) increased by 1.6 per cent and PetroVietnam Drilling and Well Service Corp (PVD) was up one per cent.

Other companies such as PetroVietnam Technical Service Corp (PVS), PetroVietnam Coating Corp (PVB) and PetroVietnam Mud Drilling Corp (PVC) also saw gains.

Both local markets traded 85.4 million shares worth VND1.7 trillion ($76 million). — VNS