A brighter situation in the US market soothed local investors and helped the VN-Index hold ground, closing on May 11 at 534.36 points.

Many blue chips bounced, such as Vinamilk (VNM) up 1.66 percent, property trader Hoang Anh Gia Lai (HAG) up 0.63 percent and Sacombank (STB) up 1.38 percent.

The value of day trades, however, fell by 15.5 percent from May 10 session to 2.3 trillion VND (121 million USD) on a total volume of 68.1 million shares. Saigon Securities Inc (SSI) was the most active stock for the second day in a row with 3.64 million shares changing hands, accounting for 5.58 percent of total market volume.

On the Hanoi market, the HNX-Index gained of 0.40 percent, closing at 182.43 points.

Only Saigon-Quy Nhon Titanium Miner (SQC) posted a decline (0.72 percent) among 10 big-capitalised stocks while other blue chips, like Asia Commercial Bank (ACB), Bao Viet Securities (BVS) or Kim Long Securities (KLS), rallied by 060, 1.13 and 1.30 percent respectively.

Trading activities cooled at 48.7 million shares, generating a turnover of 1.76 trillion VND ( 92.6 million USD). APEC Securities (APS) was most active among the 287 listed stocks on a volume of 1.65 million shares.

The market welcomed two more listed firms with a combined volume of 18 million shares: DANA-Italia Steel Company (DNY) and Vinaconex human resource and trade company (VCM).

DNY closed at 55,000 VND from the opening price of 50,000 VND, with 200,100 of the 15 million listed shares changing hands. Meanwhile, VCM closed up the first day at 56,100 VND after listing at 64,900 VND with 54,200 shares traded.

Foreign investors turned to be net-sellers in both exchanges on May 11, making sales of nearly 600,000 shares valued at 10 billion VND (526,315 USD)./.