Vietnamese shares hovered on Friday morning, driven by securities, technology, retail and rubber businesses.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 0.34 per cent to close at 978.57 points.

The VN-Index had increased by total 1.10 per cent in the previous two trading days.

Securities, technology, retail and rubber companies pulled the market up.

The four sector indices were up between 0.8 per cent and 3.6 per cent, data on vietstock.vn showed.

Among companies in those sectors, SSI Securities Corp (SSI) jumped 3.3 per cent after dropped 9 per cent in the previous five days.

Other securities stocks such as FPT Securities (FPT) and HCM City Securities (HCM) also advanced.

Large-cap stocks also performed well as the VN30-Index rose 0.50 per cent to 880.16 points.

Eighteen of the 30 largest stocks by market capitalisation and trading liquidity added values while 11 declined.

The stock market is forecast to continue moving up and down as investors are kept on edge amid concerns about global stocks.

On the Ha Noi Stock Exchange, the HNX-Index inched up 0.19 per cent to end at 103.09 points.

The northern market index had gained total 1 per cent in the previous two days.

Nearly 96 million shares were traded on the two local exchanges, worth VND1.85 trillion (US$80 million).

The afternoon trading session starts at 1pm. — VNS