Shares rallied to reverse the previous day's losses on both bourses on November 7, mirroring the gains on the global market prompted by Obama's triumph.

On the HCM Stock Exchange, the VN-Index edged up 1 percent to 380.90 points. Gainers outnumbered losers by 170-63.

Market value on the southern bourse reached only 380.6 billion VND (18 million USD), however, falling 40 percent compared to Nov. 6's level. Trading volume totalled 31.15 million shares.

Nine of the 30 leading shares by liquidity and capitalisation hit their ceiling prices.

The high performers were insurer Bao Viet (BVH), Vietinbank (CTG), Vietcombank (VCB), steelmaker Hoa Phat (HPG), sugar processor Bourbon Tay Ninh (SBT), PetroVietnam Finance (PVF) and property developers Dic Corp (DIG), Becamex (IJC) and Tan Tao (ITA).

Meanwhile, Sacombank (STB) was the only major stock to tumble.

The VN30, which tracks the movements of these stocks, advanced by 0.94 percent to 450.83 points.

On the Hanoi Stock Exchange, the HNX-Index closed at 51.58 points, a 1.82 percent rise, as gainers overwhelmed fallers by 149-50.

Trading value and volume increased around 25 percent to 193.2 billion VND (7 million USD) and 30.9 million shares.

The HNX30, representing the city's top stocks, put on 2.23 percent to finish the session at 93.15 points.-VNA