Shares managed to advance for the third day on both the national stock exchanges as investors were less pessimistic.

The market witnessed slight decline in early trading on May 20. However, on the Hochiminh Stock Exchange, the VN-Index started to rebound later and the upward trend continued in the afternoon, with an additional 4.48 points or as much as 0.84 percent to finish at 537.52 points.

The benchmark index was fuelled by stocks of the property and securities sectors with many closing at their ceiling prices.

These included property FLC Group (FLC), Hoang Quan Corporation (HQC) and Duc Long Gia Lai (DLG), which ended at their ceiling prices for three days in a row.

Property stocks continued to lead the southern bourse by trading volumes on May 20. More than 13.3 million shares of FLC were traded, ranking first, followed by HQC, Tan Tao Group (ITA), Viet-Han Corporatioin (VHG) and Hoang Anh Gia Lai (HAG).

Securities stocks including BIDV Securities (BSI) and Sacombank Securities (SBS) also closed on May 20 at their ceiling prices.

Although gainers overwhelmed losers by 17 – 6, the VN30-Index, tracking the performance of the southern bourse's 30 top stocks by capitalisation and liquidity, posted modest gain of 0.16 percent, or 0.96 points, to land at 590.27 points.

Becamex IJC, a market pillar among property stock, rose by 6.4 percent to its ceiling price of 11,700 VND (0.55 USD) a share.

Vinamilk (VNM), Kinh Do Corporation (KDC) and Southern Rubber Corporation (DRC) added 1,000 VND (0.049 USD) a share each while other gainers rose by between 100 VND and 4,00 VND a share.

PetroVietnam Drilling Corporation (PVD), Vingroup (VCI) and Masan Group (MSN) were among the losers on May 20.

With 105 million shares changing hands, the trading value reached 1.3 trillion VND (61.9 million USD).

On the Hanoi Exchange, the HNX-Index ended 1.5 percent higher at 73.73 points while the HNXFF-Index, composed of stocks with minimum free float rate of 5 percent, ended 1.72 percent at 74.38 points.

The gain was supported by large-cap stocks with the HNX30-Index, tracking top stocks, seen rising by 2.48 percent to end at 145.62 points.

The trading volume and value increased by 27 percent and 17 percent, respectively, over the previous trading to 74.4 million shares and 596.9 billion VND (28.4 million USD).

Foreign investors continued to inject money into the Vietnam stock market, concluding as buyers of a net worth of more than 66 billion VND (3.14 million USD) on May 20.-VNA