The market made a spirited comeback on October 16 as two benchmark indices reversed losses of the previous day to finish the session with improved value.

On the HCM Stock Exchange, trading value jumped 32.8 percent from October 15's level to 555.2 billion VND (26.4 million USD) as trading volume spiked to nearly 41.2 million shares.

The VN-Index added 1.96 percent to close at 399.22 points. Around two-thirds of the listed stocks finished in the green.

The VN30, representing the city's top shares, also climbed 2.24 percent, reaching 471.68 points, while none of the shares it tracks tumbled.

Encouragingly, nine hit their daily increase limit, mostly real estate and financial stocks such as Dic Corp (DIG), Becamex (IJC), Tan Tao (ITA), Tu Liem Urban Development (NTL), Ocean Group (OGC) and PetroVietnam Finance (PVF).

Securities shares on the Hanoi Stock Exchange, including PetroVietnam Securities (PSI), Wall Street Securities (WSS), Bao Viet Securities (BVS) and VNDirect (VND), also showed a strong performance.

Despite the market upheavals, some brokerages still managed to earn profits in the third quarter, including Sai Gon Securities Inc (SSI), HCM City Securities (HCM), VietCapital, VNDirect and Bao Viet.

The HNX-Index rose 2.4 percent to 56.28 points. Gainers outnumbered losers by 186-48.

Market value increased 47.6 percent compared to the previous trading day, leaping to 263.9 billion VNA (12.5 million USD) with 38 million shares changing hands.

Blue chips on the northern bourse pushed the HNX30, comprised of the 30 leading shares by capitalisation and liquidity, up 4.4 percent to 106.81 points.-VNA