The stock market edged higher on Monday morning, boosted by gains in large-cap stocks.

On the Ho Chi Minh Stock Exchange (HoSE), the market benchmark VN-Index jumped 0.83 per cent, or 10.66 points, in the morning trade to 1,294.59 points.

The market breadth was positive as 228 stocks rose while 168 stocks fell. During the session, local investors poured nearly VND14.36 trillion into the southern bourse, equivalent to a trading volume of over 449.1 million shares.

Gains in blue-chip stocks were the driving force for the market's bullish sentiment. The VN30-Index, which tracks 30 biggest stocks in market capitalisation on HoSE, climbed 0.22 per cent to 1,428.19 points. Of VN30 basket, 21 stocks increased while only seven stocks declined and two stocks stayed flat.

Bank, real estate and material stocks were leading the market's trend this morning. Of which, Vietinbank (CTG) was the biggest gainer in the morning trade, up 4.87 per cent. It was followed by Vietnam Rubber Group (GVR) and Vinhomes JSC (VHM) with GVR shares hitting the maximum daily gain of 7 per cent.

On the Ha Noi Stock Exchange (HNX), the HNX-Index also inched 0.32 per cent higher to 298.94 points, helped by large-cap stocks. The HNX30-Index, tracking 30 biggest stocks on HNX, jumped 0.95 per cent to 451.3 points. VNS