The national stock market extended its rally on both bourses on July 6 as blue chips maintained their growth and market liquidity remained high.

In total the market traded 245 million shares, worth nearly 4 trillion VND (185 million USD) on both bourses, with blue chips leading the market.

On the HCM Stock Exchange, the VN-Index added 1.43 percent to finish at 625.22 points with 142 gainers and 80 decliners.

The VN30 Index, which tracks top 30 shares in terms of capitalisation and liquidity, was up 1.51 percent to 649.54 points with 22 advancing codes and two decliners.

Insurance and gas shares took the lead on the market. Bao Viet Holdings (BVH) and Petrovietnam Drilling & Well Service Corporation (PVD) hit their ceiling prices with a growth of 6.81 and 6.42 percent, respectively.

Other similar codes also made high gains, including Petrovietnam Transportation Corporation (PVT), Petrovietnam Gas Corporation (GAS), BIDV Insurance Corporation (BIC) and Bao Minh Insurance Corporation (BMI).

Other blue chips also contributed to the growth of the market with high increases, including HCM City Infrastructure Investment Joint Stock Company (CII), Ma San Group (MSN) and Vietnam Dairy Products Joint Stock Corporation (VNM).

Bank shares and securities shares slightly increased. Among bank shares, Vietcombank (VCB) and Military Bank (MBB) remained flat, while Saigon Securities Incorporation (SSI) was the only gainer among securities shares.

Japan Vietnam Medical Instrument Joint Stock Company (JVC) was the most active code on the southern bourse, trading more than 9.3 million shares at the ceiling price of 9,200 VND per share.

On the Hanoi Stock Exchange, the HNX Index was up 2.01 percent to close at 89.47 points with 114 advancing shares and 86 falling ones.

The market conditions were similar to the southern bourse, with gas shares taking the lead to drive the market up. Petro Vietnam Construction Joint Stock Corporation (PVX) and Petroleum Technical Services Corporation (PVS) were among the three most active stocks with a growth of 7.5 and 6 percent.

Drilling Mud Corporation (PVC) and Petrovietnam Southern Gas JSC (PGS) also advanced.

The northern bourse was also driven up by two banks – Saigon-Hanoi Bank (SHB) and Asia Commercial Bank (ACB) – which gained 1.16 and 4.93 percent.

Overall, foreign investors remained net buyers on both bourses with total buy value of 74.3 billion VND (3.44 million USD). However, their net buy values fell by 76.7 percent to 38.6 billion VND (1.78 million USD) and by 11 percent to 35.6 billion VND (1.65 million USD).-VNA