Blue chip recovery lifted shares on the Hochiminh Stock Exchange on July 24, with advancers outnumbering decliners by 114-98 as the other 92 closed unchanged.

The VN-Index accelerated gains toward the end of the session, closing up 0.76 percent at 602.06 points. The VN30, tracking the top 30 shares by market value and liquidity, also climbed 0.91 percent to end at 646.64 points.

Real estate FLC Group (FLC) was the biggest gainer on July 24 as its shares hit the ceiling price of 12,500 VND (0.59 USD). It was also the most active stock with a whopping 22.7 million shares exchanged, accounting for nearly 40 percent of total market volume.

Other large-cap shares like Vinamilk (VNM), PV Gas (GAS), Masan Group (MSN), VinGroup (VIC), Bao Viet Holdings (BVH) and FPT Corp (FPT) posted gains from 0.6-1.9 percent each.

Trading improved over July 24 when market volume increased 35 percent, totaling nearly 88 million shares, and fund certificates and trading value jumped 40 percent to almost 1.5 trillion VND (71.1 million USD).

Analysts said investors were upbeat on CPI (consumer price index) data in July, although it climbed just 0.23 percent compared to the previous month, slower than June despite fuel price hikes. Inflation reached 1.62 percent during the January-July period, the General Statistics Office reported.

On the Hanoi Stock Exchange, the HNX-Index inched up just 0.09 percent to close at 80.42 points on July 24 while the HNX30 rose 0.12 percent to 162.53 points.

The northern market condition was neutral with 96 shares advancing, 89 declining and 175 closing flat.

Trades were better with market volume up 15 percent against July 23 to 44.5 million shares, while trading value climbed 40 percent to nearly 619 billion VND (29.3 million USD).

PetroVietnam Construction Corp (PVX) led the market in volume with 6.9 million shares exchanged, ending flat at 4,400 VND per share.

Foreign investors accelerated buying on July 24, picking up 125 billion VND (5.9 million USD) worth of shares on the two markets, more than five times July 23 purchases of 22 billion VND (1 million USD) worth of shares.

Their buys focused on the HCM City exchange, however, with a total value of 118.5 billion VND (5.6 million USD).-VNA