Shares gained on Aug. 7on both of the nation's stock exchanges, as the value and volume of trades recovered.

On the HCM Stock Exchange, the VN-Index closed up 1.18 percent to 423.16 points on trades totalling 661.7 billion VND (31.5 million USD). Market sentiment is positive, with 206 codes rising and only 41 declining.

Blue chips led market gains. The VN30 Index, tracking the bourse's 30 leading shares by market capitalisation and liquidity, rose 1.12 percent to 502.79 points. Da Nang Rubber Co (DRC), real estate developer Tan Tao (ITA) and Vinamilk (VNM) all hit their ceiling prices during the day's session, while software giant FPT, Phu Nhuan Jewelry (PNJ), PetroVietnam Drilling Services Co (PVD) and Sacombank (STB) all retreated.

Financial conglomerate Ocean Group (OGC) is the most-active share in HCM City with over 3.5 million changing hands. The share, also included in calculations of the VN30, rose 3.1 percent.

On the Hanoi Stock Exchange, the HNX-Index jumped 2.23 percent to conclude the day's session at 70.45 points. Nearly 48.6 million shares changed hands, worth 696.5 billion VND (33 million USD).

Advancers outnumbered decliners by 199-50, led by large-cap shares. The HNX30 Index, which tracks the northern bourse's leading shares, closed up 3.6 percent to 134.96 points.

Kim Long Securities Co (KLS) is the most-active code nationwide, with 4.7 million traded.-VNA