The VN-Index managed to post a modest gain to reach 418.16 points after retreating for most of June 28 session.

Trading value of the HCM Stock Exchange was just 5 percent higher than the previous session, totalling 776.5 billion VND (36.9 million USD) on a volume of 42.9 million shares.

However, major blue chips tracked by the VN30 tumbled, such as insurer Bao Viet Holdings (BVH), food processor Masan Group (MSN), property developer VinGroup (VIC), software producer FPT Corp (FPT) and Phu My Fertiliwer. They lost from 0.6 to 3.1 percent.

Large-cap bank and financial shares were among the total 98 gainers, including Eximbank (EIB), Vietcombank (VCB), PetroVietnam Finance (PVF) and Ocean Group (OGC).

The VN30 retreated 0.22 percent overall to stand at 491.71 points.

Sacombank (STB) was the most active code on a total trade of 1.9 million shares, closing unchanged at 7,500 VND (0.36 USD) a share.

On the Hanoi Stock Exchange, the HNX-Index closed up 0.93 percent to 71.36 points.

Trading, however, decreased around 7 percent compared to previous day’s session on a turnover of more than 300 billion VND (14.2 million USD) and 33.9 million shares.

PetroVietnam Construction (PVX), will 3.4 million shares changing hands, was the most active on the Hanoi exchange. PVX rose 3.2 percent to a close of 9,700 VND.

The rally was a surprise to investors,” said Bao Viet Securities Co analyst Nguyen Xuan Binh, however, he predicted it was just a technical correction during a chain of declining sessions.

Foreign investors continued to be sellers in HCM City unloading a net of 11 billion VND ( 523,800 USD) while they were buyers in Hanoi by a margin of 3.8 billion VND (180,900 USD).-VNA