HÀ NỘI — Benchmark indices rebounded strongly on Tuesday after the previous session's correction, with gains spreading beyond blue-chip stocks to multiple sectors, led by property developers and securities companies.

On the Hochiminh Stock Exchange (HoSE), the VN-Index surged by 28.75 points, or 1.68 per cent, to close at 1,743.07 points. 

The VN30-Index, tracking the 30 largest stocks by market capitalisation and liquidity, gained 30.80 points, or 1.68 per cent, to 1,860.93 points.

The market's breadth was positive with the number of gainers surpassing those of decliners by nearly three times. Liquidity also improved, increasing from the previous trade to more than VNĐ16.9 trillion (US$661 million). 

Real estate stocks were the main focus of the session as strong cash flows entered the sector. Among large-cap stocks, Vingroup (VIC) rose by 3.24 per cent and Vinhomes (VHM) gained 2.65 per cent.

Other property developers also posted substantial gains. Khang Dien House (KDH) advanced by 5.65 per cent, Dat Xanh Group (DXG) rose by 4.11 per cent, Nam Long Investment Corporation (NLG) increased by 4.21 per cent, Van Phu Real Estate Development (VPI) gained 3.49 per cent and Novaland (NVL) climbed by 3.33 per cent. Hoang Huy Investment Financial Services (TCH) rose by 2.64 per cent, while Becamex IDC (BCM) added 1.99 per cent.

Tu Liem Urban Development JSC's NTL shares stood out, hitting the daily ceiling at VNĐ13,250 per share. 

Securities companies also attracted buying interest. VIX Securities (VIX) rose by 3.08 per cent, SSI Securities Corporation (SSI) gained 3.77 per cent, VNDirect Securities (VND) advanced by 3.11 per cent, FPT Securities (FTS) climbed by 4.17 per cent and Viet Dragon Securities (VDS) increased by 3.12 per cent.

Banking stocks provided additional support to the market. LPBank (LPB) rose by 3.44 per cent and SeABank (SSB) gained 2.03 per cent. Sahabank (SHB), HDBank (HDB), TPBank (TPB), Techcombank (TCB), Sacombank (STB), VPBank (VPB) and VIB also advanced by more than 1 per cent.

The aviation sector recorded a notable gain in Vietnam Airlines (HVN), which hit the ceiling with a 6.78 per cent rise. Vietjet (VJC) also advanced by 1.41 per cent.

HVN's rally came after Vietnam Airlines announced a new development in its cooperation with Japan's ANA Holdings, marking another milestone in the decade-long relationship between the two aviation groups.

ANA Holdings became a strategic shareholder of Vietnam Airlines in July 2016. The two companies subsequently expanded cooperation through codeshare flights, links between their frequent-flyer programmes, joint sales and marketing activities, and product development.

On the Hanoi Stock Exchange, the HNX-Index advanced by 1.02 points, or 0.40 per cent, to 256.26 points.

Foreign investors also returned to net buying, purchasing nearly VNĐ478 billion worth of shares on the HoSE. — BIZHUB/VNS