Vietnamese shares advanced on Thursday morning as market sentiment was boosted by positive news in the US-China trade relations.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange rose 0.38 per cent to end at 972.38 points.

The VN-Index inched down 0.10 per cent on Wednesday.

The HNX-Index on the Ha Noi Stock Exchange gained 0.29 per cent to close at 100.46 points.

The northern market index was up 0.20 per cent in the previous day.

More than 79.6 million shares were traded on the two exchanges, worth VND1.62 trillion (US$69.6 million).

Positive market sentiment was made after the US and China leaders on Wednesday said they would co-operate to improve the bilateral trade status.

Large-cap, mid-cap and small-cap indices advanced. Among the best-performing sectors were insurance, technology, petroleum and mining, banking, seafood processing and rubber.

Large-cap stocks also made good gains, led by FPT Corp (FPT), Bao Viet Holdings (BVH), Hoa Phat Group (HPG), Vietjet (VJC) and Military Bank (MBB).

The afternoon trading session starts at 1pm. – VNS