Rising demand in the initial minutes of May 24 sessions on both of the nation's stock exchanges helped stocks rebound.

On the HCM Stock Exchange, the VN-Index gained 3 percent to finish at 398.04 points. The value of trades climbed to a two-month high of 806 billion VND (38.4 million USD) on a volume of 47.2 million shares, an increase of 33 percent by volume over the previous session.

Advancers outnumbered decliners by three-to-one, and seven of the 10 leading shares by capitalisation hit their ceiling prices, including insurer Bao Viet Holdings (BVH), Vietinbank (CTG), Phu My Fertilisers (DPM), software giant FPT, financial group Hoang Anh Gia Lai (HAG), food producer Masan Group (MSN) and PetroVietnam Finance (PVF).

Eximbank (EIB) posted a gain of 1.4 percent, while Sacombank (STB) and real estate developer Vincom (VIC) were mixed before closing unchanged.

The most-active share was Saigon Securities Inc (SSI), with 3.4 million shares changing hands, followed by financial group Tan Tao (ITA), with a volume of 3.3 million shares.

On the Hanoi Stock Exchange, the HNX-Index managed to rally after 12 consecutive days of declines, closing up 1.9 percent to 70.34 points. The value of trades jumped 76 percent over May 25 to 566 billion VND (27 million USD), with a volume of 58.7 million shares.

VNDirect Securities Co (VND) led trades with a volume of 4.7 million shares./.