However, the rally on the Ho Chi Minh City Stock Exchange began to ease as the afternoon session wore on as investors sold off low-price shares.
"Still, it is a positive signal as they showed a more optimistic approach to trading, helping improve liquidity," commented FPT Securities Co analysts.
The benchmark VN-Index added just 0.15 percent to reach 501.57 points after the late slowdown, as gainers swamped losers by 152-65.
The analysts said the VN-Index needed to further exceed the 500-point level to form a sustained uptrend. "Some supportive information, including word that the Vietnam Asset Management Company is possibly selling non-performing loans to foreign firms, will reinforce the uptrend."
Trading value totalled 1.49 trillion VND (70.2 million USD) on a volume of 112.3 million shares, jumping 30 percent compared to October 18.
Among the 30 leading shares tracked by the VN30, six stocks slipped back, while a total of 15 blue chips managed to advance. The index closed at 561.30 points, marking a 0.3 percent rise.
Property developer Tan Tao (ITA) – one of the top 30 large-cap stocks – saw the highest trading volume of 11 million shares. Real estate stocks on October 21 boosted the market as ITA, Hoang Quan (HQC), Becamex (IJC) and An Duong Thao Dien (HAR) all made ground.
On the Hanoi Stock Exchange, the HNX-Index ended up nearly 0.7 percent, reaching 61.93 points. The numbers of gainers outstripped decliners by two to one.
The HNX30, representing the exchange's top 30 stocks in terms of capitalisation and liquidity, also rallied around 1 percent to hit 115.94 points.
With around 51.6 million shares changing hands, the bourse's trading value soared 85.6 percent over activity of October 18 to 372.2 billion VND (17.5 million USD).
Foreign investors concluded the day as net buyers on both bourses by a margin of 71.2 billion VND (3.3 million USD), climbing more than 87 percent over the previous session.-VNA
Đăng ký: VietNam News
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