Some 454 million shares were traded on the southern market, worth over VND15 trillion. Photo cafef.vn

The market rose strongly on Monday morning with the VN-Index reaching 1,400 points as investors poured money into banking stocks.

On the Ho Chi Minh Stock Exchange (HoSE), the market benchmark VN-Index rose 0.89 per cent to 1,402.53 points. The market's breadth was positive as 177 stocks declined while 207 climbed.

Some 454 million shares were traded on the southern market, worth over VND15 trillion.

Bank stocks led the market's trend, with gainers including Sacombank (STB), Vietinbank (CTG), Tiên Phong Bank (TPB), Bank for Investment and Development (BID), VPBank (VPB), MBBank (MBB), Asia Commercial Bank (ACB) and Vietnam International Commercial Joint Stock Bank (VIB).

The VN30-Index rose 1.36 per cent in the morning session to 1,520.72 points. The gain was also boosted by some large-cap stocks as 22 of the 30 biggest stocks in the VN30 basket rose, while seven decreased.

On the Ha Noi Stock Exchange (HNX), the HNX Index gained 0.85 per cent to 320.94 points. VNS