Key indices on both national bourses rebounded on June 9, despite lower trading values and volumes.

"Speculative cash flows have returned to the markets, most clearly on the northern bourse," said Dang Anh, an analyst with a Hanoi-based securities company. "It was the very short-term depression in late May that has prompted investor speculation.

"Interest rates have begun to show signs of cooling down, although the reduction is not considerable, and deposit rates still remain at a high level," Anh said. "But this is a positive sign for the economy, and the market could thrive in the second quarter."

On the HCM Stock Exchange, the VN-Index closed up 1 percent to 443.95 points. Around 573 billion VND (27.3 million USD) worth of shares were traded, for a volume of about 33.5 million shares – a decline of about 1 percent in value and 11 percent in volume.

Advancers, however, outnumbered decliners by about two-to-one. Of the 10 leading shares by capitalisation, five made gains, with shares of food producer Masan Group (MSN) hitting their ceiling price and real estate developer Vincom (VIC) gaining 2.7 percent on the day.

Saigon Securities Inc (SSI) was the most-active share on the HCM City bourse, with more than 2.7 million traded.

On the Hanoi Stock Exchange, the HNX-Index gained 2.3 percent to close at 77.39 points. The volume of trades dropped 18 percent from Wednesday's session to 54.7 million shares; but the value of trades, at 664.7 billion VND (31.6 million USD), exceeded the previous day's figure by 93 percent – placing Hanoi 's value higher than HCM City 's for the past five consecutive sessions.

Kim Long Securities (KLS) was the most-active share with a volume of 7.4 million traded, followed by VNDirect Securities (VND) with 6.3 million shares changing hands.

Shares of some securities companies have seen more active trading in recent sessions on information that firms were seeing an uptick in profits. In the first quarter, the net profit of KLS reached only 30 billion VND (1.4 million USD), but KLS still outperformed its competitors.

In the context of harsh competition, securities companies were looking for ways to increase their share values. KLS planned to expand its business to real estate, information technology and other financial operations, as revenue from brokerage services accounted for only a fraction of first-quarter earnings, the website Sai Gon Tiep Thi (Sai Gon Marketing) reported.

Foreign investors were net buyers in HCM City of 16.4 billion VND (781,000 USD) worth of shares, but they were net sellers in Hanoi of a net of 3.5 billion VND (167,000 USD). /.