The VN-Index pared back August 7's gains on the Ho Chi Minh Stock Exchange, slipping slightly by 0.4 percent to 498.22 points by the end of August 8.

Trading was sluggish with just 486.2 billion VND (22.9 million USD) traded, equalling 28.3 million shares. Trading dropped by almost a half compared to the previous session.

Nearly two-thirds of the 30 largest stocks in terms of capitalisation and liquidity tracked by the VN30 also fell in value. Only three managed to rally. They were steelmaker the Hoa Sen Group (HSG), Military Bank (MBB) and private equity group Masan (MSN), adding between 0.56-0.76 percent.

The VN30 lost 0.6 percent to end at 550.07 points.

On the Hanoi Stock Exchange, the HNX-Index closed at 61.81 points, a slip of 0.6 percent.

Trading value on the northern bourse was also low. Nearly 15.2 million shares changed hands, for 138.5 billion VND (6.5 million USD).

The HNX30, representing the exchange's top 30 shares, shed 0.5 percent to close at 114.60 points.

Foreign investors extended their net selling value by 10 billion VND (471,600 USD), mainly offloading the shares of Eximbank (EIB), PetroVietnam Construction (PVX), Vietinbank (CTG) and PetroVietnam Technical Services (PVS).-VNA