Shares rebounded on August 4 on the Ho Chi Minh City Stock Exchange, led by blue chips.

The benchmark VN-Index climbed 0.87 percent to close at 599.04 points while the VN30, tracking the top 30 shares by market value and liquidity, increased 0.63 percent to end at 638.98 points.

Market condition was positive as advancers outnumbered decliners by 117-87 and the other 100 closed flat.

Gains of large-cap shares supported the market. Real estate giant VinGroup (VIC) advanced 3.3 percent, dairy producer Vinamilk (VNM) rose 1.48 percent and insurer Bao Viet Holdings (BVH) was up 3.39 percent. PetroVietnam Drilling and Well Services Corporation (PVD) rose 4.25 percent.

However, market value was modest as just 71.6 million shares worth more than 1.2 trillion VND (57 million USD) were exchanged.

FLC Group (FLC) secured the position of the most active share with a whopping 15.7 million shares traded, but the share price dipped 1.5 percent to close at 13,100 VND per share.

On the Hanoi Stock Exchange, the HNX-Index gained 0.66 percent to stand at 79.53 points.

The HNX30 Index, tracking the 30 largest stocks in terms of market value and liquidity, also rose 0.77 percent to end at 158.94 points. Market volume declined 40 percent from the previous session, totaling nearly 30 million shares worth nearly 413 billion VND (20 million USD).

PetroVietnam Construction Corporation (PVX) was the most active, closing unchanged at 4,500 VND per share with 3 million shares traded.

According to many stock analysts, trading is usually lackluster during August as investors prepare for the fourth quarter.

Foreign investors concluded on August 4 as net buyers in HCM City's market, picking up shares worth 32.54 billion VND (1.5 million USD). They were net sellers on Hanoi's bourse, however, reaching nearly 480 million VND (22,750 USD) in trading value.-VNA