National stocks rallied on January 13 on both exchanges.

On the Ho Chi Minh Stock Exchange, the VN-Index jumped 1.09 percent to reach 580.6 points.

Transaction value reached nearly 2.1 trillion VND (98.6 million USD) on a volume of 111.66 million shares.

The VN30 Index, comprising the city's 30 largest stocks in terms of capitalisation and liquidity, added 0.59 percent to 619.39 points. Eight of the blue chips slumped slightly, while 16 others rose, with Ocean Group, whose 8.6 million shares were traded, hitting the ceiling price. Ocean Group is among the top 20 most active codes.

Shares of Vietinbank (CTG), Vinamilk (VNM), Pha Lai Thermalpower (PPC), and Phu My Fertiliser (DPM), as well as property developer Hoang Anh Gia Lai (HAG) also rebounded strongly.

The buying power was positive, with large-cap stocks such as PetroVietnam Gas (GAS), the Bank for Investment and Development of Vietnam (BIDV), VNM and CTG. The group of large-cap stocks in general added 0.9 percent, according to

Also, mid-cap stocks rose at the same rate.

On the Hanoi Stock Exchange, the HNX-Index climbed 0.55 percent to end at 85.18 points.

The HNX30 Index, representing the performance of the bourse's top 30 blue chips, increased 0.56 percent, reaching 165.76 points.

Trading value and volume reached 748.16 billion VND (35.1 million USD) and 48.5 million shares.

Foreign investors suddenly turned out to be net sellers, unloading 256.8 billion VND (12 million USD) after acting as net buyers in the previous session.-VNA