The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), surged 15.87 points, or 1.55%, on Wednesday to close at 1,040.55.
More than 523.6 million shares changed hands via the exchange for around VND8.26 trillion ($348 million), up 27.49% from the previous session. The major bourse saw 290 gainers and 106 losers.
Blue chips became the main support for the VN-Index as their VN30 index achieved 19.47 points, or 1.92%, to close at 1,034.43.
Banking stocks had the most positive impact with STB of Sacombank hitting its ceiling price, HDB of HDBank gaining 3.8%, BID of BIDV 3.5%, ACB of Asia Commercial Bank 3.1%, and CTG of VietinBank 3.1%.
Other gainers in the VN30 basket included HPG of steel giant Hoa Phat (4.5%), SSI of Saigon Securities (3.8%), and PLX of Petrolimex (3.6%).
In other sectors, securities brokers showed the best performance with a total rise of 4.29%. Both large- and medium-cap tickers in the group made strong gains, with VCI of Viet Capital Securities (6.4%), VND of VNDirect Securities (5.9%), HCM of Ho Chi Minh City Securities (5.7%), FTS of FPT Securities (5.6%), SHS of Saigon-Hanoi Securities (4.9%), and MBS of MB Securities (4, 7%).
Steel and construction stocks also made impressions, with HSG and NKG of steel makers Hoa Sen and Nam Kim; LCG of Lizen Corp., HHV of Deo Ca Traffic Infrastructure Investment JSC, and FCN of Fecon Corp. hitting their ceiling prices.
Green also overwhelmed the real estate codes, including L14 of Licogi 14, CEO of CEO Group, HDG of Ha Do Group, and CKG of Kien Giang Construction Investment Consultancy Group.
However, DIG of DIG Corp closed at its floor price following information on the Government Inspectorate’s decision to inspect the observance of legal regulations in equitization and divestment of state capital at DIC Corp.
Many groups like oil and gas, seaport, cement, industrial real estate, garment, seafood, coal, retail, and aviation also closed in green.
Foreign investors continued to be net sellers for the 11th consecutive session to the tune of nearly VND302 billion ($12.7 million) on the HoSE. They mainly net sold VHM of Vinhomes, SSI, MSN of Masan Group, KDH of Khang Dien Holdings, and VCB of Vietcombank.
The HNX-Index on the Hanoi bourse went up 4.45 points to 206.83, while the UpCOM-Index on the unlisted public company market rose 0.2 points to close at 76.64.