Workers collect rubber latex at a plantation Vietnam Rubber Group in Gia Lai Province. The rubber producer's shares soared over 3.8 per cent on Wednesday, supporting the uptrend. — VNA/VNS Photo

Benchmark indices extended gains on Wednesday, supported by strong rallies of Vin-family stocks, while foreign investors net sold a significant value of over VNĐ1.36 trillion (US$54.1 million) on the two main exchanges. 

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index increased 5.6 points, or 0.46 per cent, to 1,215.88 points. The index recovered for the straight two days, recouping half of the big losses of Monday. 

The market's breadth remained positive with 176 stocks ticking up and 124 declining. Meanwhile, liquidity continued to fall, down 13.9 per cent from the previous session to VNĐ14.19 trillion. 

The VN30-Index, tracking the 30 biggest stocks in term of market capitalisation on HoSE, rose slightly 0.77 points, or 0.06 per cent, to finish at 1,253.58 points. However, decliners outnumbered gainers in the VN30 basket by 14 to 10 and six stocks stayed flat.

Stocks of Vin-family boosted the market's uptrend, with Vinhomes (VHM) leading the gain. Shares of the property developer hit the ceiling price on the back of a stock repurchasing announcement. 

Vinhomes said that it will buy back 370 million shares to protect the company's and shareholders' interests, after its shares hit bottom levels. 

Vingroup (VIC) also finished higher at VNĐ42,350 per share, up 2,54 per cent. 

Also supporting the uptrend, big names on the market posted impressive performance, such as Vietnam Rubber Group (GVR) which soared 3.83 per cent, PV GAS (GAS) which climbed 2.72 per cent, Vincom Retail (VRE) surged nearly 6 per cent and Vinamilk (VNM) up 1.51 per cent. 

By contrast, leading sectors such as banking, securities and steel saw few ticker symbols in green. Specifically, shares of many lenders reported sharp declines, with Techcombank (TCB) being the biggest loser, down 2.24 per cent.

Other banking stocks, including VPBank (VPB), BIDV (BID), Vietinbank (CTG) and SeaBank (SSB) dropped in a range of 0.75-1.91 per cent. Meanwhile, securities stocks mostly ended unchanged. 

The HNX-Index on the Hà Nội Stock Exchange (HNX) also increased, up 1.49 points, or 0.66 per cent, to 227.95 points. During the session, over 43.4 million shares were traded on the northern bourse, worth $899 billion. 

Foreign capital saw a significant outflow from the market, of which, foreign investors net sold nearly VNĐ1.36 trillion on the HoSE and VNĐ9.14 billion on HNX. — VNS