Shares rebounded on January 6 on both stock exchanges, propped up by bank stocks, after suffering a slump on previous day.

Vietcombank (VCB), Vietnam's third-largest lender in terms of total assets, was the biggest gainer on the Hochiminh Stock Exchange, rising 6.58 percent to close at the four-year high of 34,000 VND (1.59 USD) a share. VCB was also among the top five most active stocks with 1.68 million shares traded, worth 56.2 billion VND (2.6 million USD).

Other bank shares including Military Bank (MBB), Vietinbank (CTG), Eximbank (EIB), Bank for Investment Development of Vietnam (BID) and Sacombank (STB) also increased between 0.7-3.8 percent.

The market condition was positive as gainers outnumbered losers by 132-86 while 88 shares closed flat.

The benchmark VN-Index closed the session up 0.96 percent at 549.66 points while the VN30, which tracks the top 30 shares by market value and liquidity, also increased 1.11 percent to stand at 606.37 points.

Liquidity improved as market volume grew 20 percent over January 5, totaling 112.3 million shares, while trading value rose 30 percent to reach 1.95 trillion VND (91.1 million USD).

FLC Group (FLC) remained the most active code on trades of 9.1 million shares, but the share price rebounded 0.91 percent from the morning's loss, closing the session at 11,100 VND per share.

On the Hanoi Stock Exchange, bank stocks also propped up the market as blue chips like Sai Gon-Ha Noi Bank (SHB) and Asia Commercial Bank (ACB) climbed by 1.3-4.9 percent.

The HNX-Index gained 1.3 percent to finish at 83.81 points and the HNX30, tracking the top 30 stocks by market liquidity, rallied 2.15 percent to end at 163.14 points.

The trading atmosphere was good with advancers doubling decliners. Liquidity remained modest, however, as market volume was little changed from the previous session at 54 million shares while the value of trades dropped 10 percent to almost 628 billion VND (29.3 million USD).

FLC Group investment arm KLF Joint Venture Global Investment Co (KLF) was again the most active here, with 11.7 million shares exchanged. The price also rallied 5.5 percent after the morning's fall to settle at 11,500 VND per share.

Foreign investors continued to be net buyers in the two markets on January 6, picking up shares worth 49.25 billion VND (2.3 million USD).-VNA