An investor watches stock movements on a computer screen in Hanoi. (Photo: VNA)

Hanoi (VNA) – Shares ended positive in both local markets on June 1 as investor confidence was bolstered by positive meetings between Vietnam’s Prime Minister Nguyen Xuan Phuc and US officials and businesses.

The benchmark VN Index on the HCM Stock Exchange rose 0.54 percent to close at 741.80 points, bouncing back from a two-day decline of 1.1 percent.

The HNX Index on the Hanoi Stock Exchange finished up 0.08 percent at 93.99 points, narrowing gain made during June 1’s session. The northern market index has increased by a total 0.8 percent in the last two days.

Nearly 203.7 million shares were traded on both local bourses, worth 4.13 trillion USD (183.7 million USD).

Large-cape stocks performed well with 70 percent of the 30 largest listed companies by market capitalization advancing.

Shares of private low-cost carrier Vietjet (VJC) gained 1.7 percent after the firm reached 4.7 billion USD worth of agreements with American partners on purchasing more jet engines and getting technical support and other services.

On the opposite site, steel producers suffers from profit-taking after they made big gains on May 31 on the new protectionist tariff imposed on imported colored steel products.

In addition, energy stocks were hit by a sharp drop in oil prices in the Asia trading. Shares of energy companies closed down between 0.6 percent and 2 percent. - VNA