The benchmark VN-Index unexpectedly closed lower by the end of July 1 session, although it was green for most of the trading time.

On the Hochiminh Stock Exchange, the decline of PV Gas (GAS), the biggest share in terms of market capitalisation, dragged the VN-Index down from the threshold of 580 points, and ended the session at 578.07 points.

However, the rise of other blue chips cushioned the fall, with 18 of the top 30 shares by market value and liquidity gaining in value, lifting the VN30 up 0.47 percent to close at 617.96 points.

Gainers included Bao Viet Holdings (BVH), Hoang Anh Gia Lai Co (HAG) and PetroVietnam Drilling and Well Services Corp (PVD). Sai Gon Securities Inc (SSI), Southern Rubber Industry (CSM), HCM City Infrastructure Investment (CII) and Da Nang Rubber (DRC) were the other gainers.

Liquidity improved as compared with the previous session. The market volume jumped 30 percent to 104.4 million shares and fund certificates, while the value of trades also increased 20 percent to 1.55 trillion VND (73.5 million USD).

Real estate FLC Group (FLC) continued to be the most active code on July 1 with a whopping 19.2 million shares, climbing 0.8 percent to settle at 11,400 VND a share.

By contrast, the HNX-Index on the Hanoi Stock Exchange advanced 0.19 percent to close at 78.08 points, rising for the third straight day.

The HNX30, tracking the top 30 shares on the bourse was also up 0.46 percent to 158.20 points.

One of its members, Kim Long Securities Co (KLS) was the most active stock with 5.1 million shares but it closed flat at 12,200 VND a share.

There was very little change since June 30, with the market volume worth nearly 45 million shares worth almost 506 billion VND (24 million USD).

General Statistics Office reported GDP growth at 5.18 percent in the first quarter despite growing tension with China in the East Sea. According to many analysts, this optimistic economic data could have a positive impact on investors seeking positive information.

Foreign investors remained net buyers on the two stock exchanges with steady buys on July 1.

Their net buy values declined, however, as they picked up just a combined 37 billion VND (1.8 million USD) worth of shares on the two markets.-VNA