Stocks climbed further on July 13 afternoon as blue chips, particularly banks and insurers, continued to prop up the market.

On the HCM Stock Exchange, the VN-Index added another 1.08 percent to close the session at 634.06 points. The VN30, which tracks the top 30 shares by market value and liquidity, also rose 0.55 percent to end at 652.28 points.

Three insurers hit the ceiling on July 13, including Bao Viet Holdings (BVH), Bank for Investment and Development of Vietnam Insurance (BIC), and Bao Minh Insurance (BMI). BVH was a member of the VN30, mostly accounting for the VN-Index and VN30's increases.

Banks were also a driving force as large-cap shares like Military Bank (MBB), Vietcombank (VCB), Vietinbank (CTG) and Eximbank (EIB) rose between 1 and 6.4 percent. EIB was also the leading stock in terms of market volume with more than 11 million shares traded, closing near the ceiling price of 14,900 VND (0.68 USD) a share.

Overall market conditions were neutral, however, with 103 stocks advancing, 104 declining and 97 ending flat.

Liquidity remained positive with nearly 140.5 million shares worth 2.56 trillion VND (117.4 million USD) being exchanged by the end of the session.

On the Hanoi Stock Exchange, the HNX-Index also edged up 0.38 percent to finish the session at 88.58 points.

The advancers narrowly outnumbered the decliners by 87 to 82, while the other 186 were flat.

More than 52 million shares worth 625.3 billion VND (28.7 million USD) changed hands. Saigon Thuong Tin Real Estate Co (SCR) was the most active with trades of more than six million shares. SCR gained 1.12 percent in value to settle at 9,000 VND a share.

Foreign sectors remained net buyers in the two markets, but their net buy values were modest at a combined 97 billion VND (4.4 million USD) worth of shares.-VNA