VN-Index fell nearly 8 points on August 8th, with TCH and HHS unexpectedly hitting the floor limit.

Techcombank (TCB) shares exerted the greatest pressure on the market today. TCB was heavily sold off right from the start of trading, creating negative sentiment among investors. At the close, TCB fell by 4.36%, deducting 1.63 points from the VN-Index. Over 41 million units of this stock were traded today, with foreign investors selling over 11.6 million units.

TCB negatively impacted the VN-Index, deducting 1.63 points.

While TCB was the "culprit" in the morning session, TCH was the "last straw" in the afternoon, triggering widespread selling pressure across many stock sectors. TCH surprised everyone by experiencing a sell-off and falling to its floor price of 16,600 VND/share, a 6.74% decrease compared to the previous session. The massive selling pressure boosted TCH's liquidity, with trading volume reaching over 21 million shares. Simultaneously, nearly 13 million shares were offered at the floor price. HHS shares of Hoang Huy Investment and Service Joint Stock Company – a subsidiary in which TCH owns over 51% of the capital – also fell to its floor price.

The negative sentiment wasn't limited to these two stocks; it spread to many other real estate stocks, with NTL falling by 4.86%, even touching the floor price at one point. HDG also dropped 2.83%...

Securities stocks, which had recovered well in recent sessions, faced strong selling pressure today. MBS fell 3%, CTS fell 2.9%, BSI fell 2.6%, etc.

HVN also attracted attention with relatively good trading at the beginning of the afternoon session. However, due to unpredictable fluctuations in the overall market, the stock reversed direction and fell to the floor price of 19,950 VND/share. HVN was the second stock with the most negative impact on the VN-Index, deducting 0.81 points. In addition, stocks such as HPG, GVR, VNM… also fell into the red, creating significant pressure on the VN-Index.

Conversely, GAS, MSN, VHM, VCG… were among the stocks with the most positive contributions to the VN-Index. GAS rose by 2.9%, contributing 1.28 points. MSN increased by 2.05%, contributing 0.55 points. VCG stood out with a 5.65% increase, contributing 0.14 points to the VN-Index. Along with VCG, stocks in sectors expected to benefit from public investment, such as HHV, LCG, FCN… also saw simultaneous price increases. Recently, at the July regular government meeting, Prime Minister Pham Minh Chinh urgently requested the allocation of the remaining 26,500 billion VND in public investment capital. Specifically, the Ministry of Planning and Investment needs to resolutely reallocate capital to tasks and projects with rapid disbursement and a need for additional funding before August 15th.

Textile and garment stocks experienced relatively positive movements, with MSH hitting its ceiling price, TNG rising 4%, and TCM increasing by 1.96%. This positive movement is attributed to difficulties facing the Bangladeshi textile and garment industry. Bangladesh is one of Vietnam's major competitors in textile and garment exports, being the world's second-largest exporter of apparel, after China. However, Bangladesh is currently experiencing political instability, which is believed to significantly impact its textile and garment sector.

At the close of trading, the VN-Index fell 7.56 points (-0.62%) to 1,208.32 points. Across the entire exchange, there were 161 gainers, 257 losers, and 62 stocks unchanged. The HNX-Index decreased 1.22 points (-0.54%) to 226.73 points. Across the HNX exchange, there were 63 gainers, 82 losers, and 56 stocks unchanged. The UPCoM-Index edged up 0.09 points (0.1%) to 92.12 points.

The total trading volume on HoSE reached 758.8 million shares, a 21% increase compared to the previous session, equivalent to a transaction value of VND 16,744 billion, of which block trades accounted for VND 3,202 billion. Transaction values ​​on HNX and UPCoM reached VND 1,259 billion and VND 682 billion respectively.

Top stocks with strong net buying/selling by foreign investors on August 8th.

Foreign investors continued to net sell VND 1,160 billion on the HoSE exchange, with the strongest net selling in VJC shares at VND 334 billion, mainly through block trades. Similarly, VHM also saw net selling of VND 316 billion. TCB and HPG were net sold for VND 213 billion and VND 136 billion respectively. Conversely, HDB was the most heavily net bought stock with VND 323 billion, mainly through block trades. VNM and MSN were net bought for VND 78 billion and VND 77 billion respectively.