Shares on both the national stock exchanges advanced on January 21.

The VN-Index on the Ho Chi Minh City Stock Exchange managed to increase more than 1.1 percent to 559.91 points.

Trading value remained positive, at 1.98 trillion VND (93.4 million USD), with about 100.9 million shares changing hands.

Blue chips lifted the VN30 Index by 2.16 percent to 634.08 points.

Insurer Bao Viet Holdings (BVH) continued to hit its daily price limit, jumping to 47,200 VND (2.2 USD). PetroVietnam Drilling Services (PVD) also jumped to the extent of its daily price limit. Other stocks advanced strongly as well, with gains ranging between 2.6 and 5.8 percent.

Shares of property developer Tan Tao (ITA) were actively traded on January 21, with 14.2 million shares transacted at the upper price limit. The stock will be re-included in the VN30 Index from January 27.

Meanwhile, food processor Bourbon Tay Ninh (SBT) will be out of the index. SBT closed 0.8 percent lower at the January 21 session.

On the Hanoi Stock Exchange, the HNX-Index reversed losses on January 20 to add 1.46 percent to finish at 73.56 points.

The HNX30 Index, representing the bourse's top 30 stocks, also rallied by over 3.3 percent to close at 144.52 points.

With 51.4 million shares traded, the market value was estimated at 551.6 billion VND (26 million USD).

According to FPT Securities' analysts, with investors continuing to buy and positive technical indicators, the Hanoi market could continue to remain buoyant and hit new highs.

Foreign net purchases on January 21, however, reached only 78.8 percent of the level on January 20, or 287.6 billion VND (13.5 million USD).-VNA