Cash inflows focused on mid-cap and penny stocks on August 20 afternoon, helping lift the VN-Index by 0.34 percent to close at 606.70 points by the end of the session.

On the Hochiminh Stock Exchange, the advancers outnumbered the decliners by 118-81 while other 104 codes closed unchanged.

Blue chips lost momentum, tempering the market's rise.

Only 11 out of the 30 shares with the highest market value and liquidity gained while nine lost, keeping the VN30 a little lower than the previous session at 646.44 points.

Domestic investors increased buying in mid-cap and penny stocks like Vietnam Electricity Construction Joint Stock Corporation (VNE) and Petroleum Equipment Assembly & Metal Structure (PXS) pushing prices up to the ceiling.

Others such as Sacom Development & Investment Corporation (SAM), Petrovietnam Transportation Corporation (PVT), Vietnam - Italy Company (VIS) and Son Ha International Corporation (SHI) also climbed between 2.8-5.8 percent.

Liquidity continued to decline, however, with the market volume falling 20 percent from August 19, totaling nearly 108 million shares and fund certificates, while value of trades also decreased 30 percent to reach 1.863 trillion VND (88.3 million USD).

FLC Group (FLC) was again the most active stock with 10.7 million shares, finishing unchanged at 13,200 VND per share.

On the Hanoi Stock Exchange, the HNX-Index rose 0.48 percent to end the session at 83.06 points while the gainers outnumbered the losers by 100-88.

Trading also declined here as both market volume and value reduced around 20 percent from a day earlier, totaling 45 million shares worth 590.5 billion VND (28 million USD).

PetroVietnam Construction Corporation (PVX) continued to lead the northern market in volume with 5.7 million shares traded but the share price slipped 2.1 percent to close at 4,700 VND a share.

The selling streak by foreign investors showed no signs of slowing down when they again concluded yesterday as net sellers on the two exchanges, unloading shares worth a combined 71 billion VND (3.4 million USD).-VNA