Shares continued to rise in Hanoi and reversed their losses in Ho Chi Minh City on September 8.

On the Hanoi Stock Exchange, the HNX-Index added 1.3 percent to close at 89.70 points.

Trading value and volume reached 1.2 billion VND (56.6 million USD) and 87 million shares respectively.

The HNX30 Index, comprising the bourse's top 30 stocks, gained 1.22 percent to end at 185.36 points.

On the Hochiminh Stock Exchange, the VN-Index closed at 639.85 points, up by almost 0.2 percent.

The VN30 Index also advanced by 0.18 percent to finish at 678.83 points, with 14 gainers and nine losers among the 30 stocks that it tracks. Trading value stayed high at nearly 3.2 trillion VND (150.9 million USD) on volume of 182.2 million shares.

Money headed for penny stocks, helping the shares of Binh Thuan Mineral (KSA), Petro Capital Infrastructure Investment (PTL), Petroleum Industrial and Civil Construction (PXI), Petroleum Equipment Assembly and Metal Structure (PXS) and Petrovietnam Transportation (PVT), according to analysts for the financial information website

The VN-Index has often increased in September, they pointed out, and would likely do so this month as the consumer price index was forecast to rise by 0.6-0.8 percent. Inflation was also an indicator for improved buying power.

"Currently, we expect the Government will maintain easing policies to boost the economy. We also hope business operations in the third quarter will pick up," the analysts wrote.

Experts also picked shares for investment. FPT Securities Co's and Vietcombank Securities Co's analysts said property developer Hoang Anh Gia Lai (HAG) and An Phat Plastic and Green Environment (AAA) were suitable for medium- and long-term investment. Military Bank Securities thought shares in realtor Sonadezi Long Thanh (SZL) would reach 25,200 VND by the year-end, jumping 34 percent, while Bao Viet Securities said the price of paper company Dong Hai (DHC) would be 23,900 VND compared to September 8 close of 19,200 VND.-VNA