On the HCM City Stock Exchange, the Vn-Index gained 0.42 percent to reach 505.64 points.
More than 106.37 million shares changed hands worth a total of 1.382 trillion VND (65.8 million USD), lower than the previous day.
More than 126 codes on the southern bourse advanced yesterday compared to 81 losers.
The VN30-Index, tracking the bourse's top shares by capitalisation and liquidity, edged up 0.5 percent to 566.28 points with gainers overwhelming losers by 18-2.
For bluechips, only Kinh Do (KDC) and HCM City Infrastructure Investment Joint Stock Company (CII) lost yesterday, closing down by 300 VND (0.014 USD) and 100 VND (0.0049 USD) per share, respectively.
PetroVietnam Drilling (PVD) increased 1,500 VND (0.07 USD) per share to 67,000 VND ($3.19 USD).
Other advancers gained between 100 VD (0.0049 USD) to 700 VND (0.03 USD) per share each, including PetroVietnam Low-Pressure Gas Distribution (PGD), Pha Lai Thermo-electric Plant (PPC), Ree Corporation (REE), PetroVietnam Transportation Corporation (PVT), Gemardept Corporation (GMD), FPT Group (FPT) and Da Nang Rubber Corporation (DRC).
According to FPT Securities, the benchmark index made a good recovery on November 22 after losing on November 21 with the selling slowing down.
On the Hanoi Stock Exchange, the HNX-Index jumped 0.33 percent to 64.59 points.
With more than 38.46 million shares traded, the total value reached 298.54 billion VND (14.21 million USD).
The HNX30-Index, composed of the capital city's 30 largest shares, also edged up 0.29 percent to 123.26 points.
Speculative stocks remained attractive to investors on November 22.
However, the market did not show any optimistic signs. The VN-Index experienced five strait days fluctuating around the 505-point level, said FPT Securities.
Analysts at FPT Securities said investors should be cautious as the market would continue to adjust.-VNA
Shares advanced on both national stock exchanges on November 22 despite slight decreases in liquidity.