The rally of many blue chips, banking and securities stocks helped Vietnam’s benchmark VN-Index gain nearly 35 points in Thursday's session, the strongest rebound in five months.
VN-Index, which tracks the Ho Chi Minh Stock Exchange's (HoSE) performance, jumped 34.65 points or 3.49% to 1,028 with 418 gainers, including 82 hitting their ceiling prices, and only 61 losers.
The session saw the index record the strongest gain since May 17 (4.81%).
Meanwhile, HNX-Index on the Hanoi bourse increased by 7.68 points or 3.73% to 213.63, while UpCOM-Index on the unlisted public company market rose 1.43 points or 1.89% to 77.28.
The trading value on the three bourses hit VND12,329 billion ($496.2 million), including VND11,121 billion on HoSE.
Among the large-cap stocks, 28 gained, including nine hitting their ceiling prices like SSI of Saigon Securities Inc., TCB of Techcombank, STB of Sacombank, CTG of Vietinbank, BID of BIDV bank, GVR of Vietnam Rubber Group and MBB of MBBank. They pushed VN30-Index, which tracks the 30 largest-cap stocks, up by 38.09 points.
VNMidcap and VNSmallcap, which feature the mid- and small-cap stocks, also climbed up by 4.74% and 3.51%, respectively.
Foreign investors turned net sellers to the tune of nearly VND170 billion ($6.8 million) on HoSE, mainly selling KBC of KinhBac City Development Holding Corporation, HPG of steel maker Hoa Phat, and STB.