The session closed with 148 stocks advancing and 128 others losing. The VN-Index stood at an intraday high of 990 points, up 0.84% against last Friday, with 163 million shares worth VND3.4 trillion traded, down 13.5% and 11.7% respectively.
Of these, block deals accounted for 16.7 million shares, contributing some VND510 billion to the total value.
The local stock market earlier saw no noticeable trading activities before entering the session at the start of the new week, since most investors remained highly cautious.
Oil and gas stocks significantly contributed to the surge of the VN-Index, with busy trading activities during the afternoon.
Fuel firm GAS inched up by 3.1% to its ceiling price of VND107,000 per share, with matching volume put at 890,000 shares, while its fellow PLX rose by 2% to VND62,600 with 1.41 million shares transacted.
Also, two other oil and gas companies, POW and PVD, edged up 1% and 4.1% to VND15,550 and VND20,300, respectively.
Meanwhile, property firm VHM was among the large caps. It moved sideways in much of the day and rallied at the end of the afternoon phase. It closed at an intraday high of VND94,600, up 2.2%.
As for stocks in the banking and finance sector, heavyweight lender VCB had an impressive session, edging up 2.3% to its highest level of the day, at VND69,700. Its fellow CTG jumped 1.8% to VND22,300 while BID and MBB advanced as well. Three other lenders, TCB, HDB, and VPD, closed at their reference prices.
Liquidity in the banking sector improved.
Apart from that, some bluechips such dairy firm VNM, property firm VIC, and brewery SAB closed the session slightly higher.
Among the small stocks, plastics firm AAA made a drastic rise of 6.8% to its ceiling price of VND18,900 and led the market by liquidity with almost 9.6 million shares changing hands. The firm said that its pre-tax profit in the first quarter of the year hit VND270 billion, way above last year’s VND253 billion.
On the Hanoi Stock Exchange, the HNX-Index rose 0.98% to 108.93. There were some 35.4 million shares traded, with a total value of over VND550 billion, up 28.43% and 56.67% against Friday. Block deals made up almost VND87.5 billion of the total value.
Notably, oil firm PVS surged 4.9% to the intraday high of VND23,500, with more than eight million shares traded. It was also heavily net bought on the northern bourse, with over 1.7 million shares.
Lender ACB gained 2% at VND30,800 and had 2.2 million shares changing hands. Meanwhile, its fellow SHB rose 2.7% to VND7,700, with 2.86 million shares traded.