Stocks were led by bank and real estate companies on April 12 as they continued to soar on both national exchanges.

Following positive news on interest rate cuts and eased credit for the real estate sector on April 11, many shares in these two sectors hit their daily limit rise of 5 percent on April 12 , including HCM City Infrastructure Investment (CII), Tan Tao Investment Industry (ITA), Song Da Urban&Industrial Zone Investment and Development (SJS), and Khang Dien House Trading (KDH).

Sacombank (STB) and Sai Gon-Ha Noi Bank (SHB) also rose to their ceiling prices, while others such as Eximbank (EIB), Vietinbank (CTG), Vietcombank (VCB), Military Bank (MBB), Asia Commercial Bank (ACB) and Habubank (HBB) all increased from 1.7-4.1 percent.

HBB led trades nationwide with 26.6 million shares changing hands while MBB was the most active stock in HCM City on a volume of 10.2 million shares.

"The market is being supported in both the short – and long-terms," stock analysts at PetroVietnam Securities Inc wrote in a report, arguing that the exclusion of the real estate sector from the lending restriction list, as well as the likelihood of decreased risk ratios on loans for the real estate and securities sectors, will encourage money to flow in these fields.

The State Bank of Vietnam is planning to lower the risk ratios of loans on real estate and securities investments from 250 percent to 150 percent, and increase the lending ratio on banks' capital mobilisation from 80 percent to 95 percent.

On the HCM Stock Exchange, the VN-Index gained another 1.42 percent to close Aptil 12's session at 465.26 points.

Value of trades increased 13 percent over the previous session to 1.76 trillion VND (83.8 million USD) on a total volume of 106.5 million shares.

Twenty of the 30 leading shares by market value and liquidity rallied, lifting the VN30 Index 1.83 percent to 537.28 points.

On the Ha Noi Stock Exchange, the HNX-Index finished 1.33 percent higher at 78.54 points.

Both trading volume and value jumped 24 percent, totalling 122 million shares, worth nearly 1.19 billion VND (56.6 million USD).

In HCM City , foreign investors continued to buy in, picking up shares worth 68 billion VND (3.2 million USD), but they remained net sellers in Hanoi by unloading 3.43 billion VND (163,000 USD) worth of shares.