Shares rebounded on June 18 on the two exchanges after two days of declines, but liquidity continued to slip on rising investor caution.

On the HCM Stock Exchange, the benchmark VN-Index edged up 0.26 percent to close the session at 580.35 points.

Blue chips were mixed but strong growth of several large-cap stocks like Vietcombank (VCB), Vinamilk (VNM), Phu My Fertilizer (DPM), Saigon Securities Inc (SSI) and FLC Group (FLC) lifted the VN30 index by 0.37 percent to end at 600.45 points.

FLC reclaimed the most active stock title by the end of the session with over 9 million shares traded. Its price also gained 1.1 percent to settle at 9,100 VND a share. Ocean Group (OGC) retreated to second place with 7.3 million shares, rising 3.7 percent to 2,800 each VND.

Overall liquidity continued to fall, however. The market volume dropped 25 percent from the previous session to 98 million shares and trade value decreased 20 percent, totaling 1.56 trillion VND (71.6 million USD).

According to analysts at Bao Viet Securities Co, the market outlook remains positive based on encouraging macro-economic conditions and strong money inflows in the market.

"Liquidity declined in the recent 2-3 sessions but there're still big money flows waiting to join the market at the appropriate time," analysts wrote in a note.

On the Hanoi Stock Exchange, the HNX-Index also added 0.7 percent to conclude the session at 87.09 points.

The market condition was neutral with 96 stocks rising, 93 tumbling and 172 going flat.

Trading volume fell 30 percent from June 17 to 49 million shares and market value was down 20 percent to 591.2 billion VND (27.1 million USD).

Saigon Thuong Tin Real Estate Co (SCR) was the most active code on June 18 with 5.5 million of shares traded at 8,400 each VND, up 2.44 percent over the previous session.

Foreign investors continued to collect local shares, contributing to easing investors' worries. They picked up combined shares worth over 48 billion VND (2.2 million USD) in the two markets, down 50 percent in value compared with the level of June 17.-VNA