VCSC Daily - ACB and SHB near historical lows

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ACB and SHB close near 52-week/historical lows. The VNI was down 1.5 points to closed at 381.7 (-0.4%), dragged down by Masan (MSN), Vietcombank (VCB) and Eximbank (EIB). The HNI contracted to 51.2 (-0.7%), led down by the usual duo of Asia Commercial Bank (ACB) and Saigon Hanoi Bank (SHB). SHB loss 4% to close at VND4,800, a 52-week low and is trading at about half its book value. ACB is also trading near its 52-week low at VND14,600 and just slightly above its book value.