VNG shares 'reverse' and fall after 11 ceiling-raising sessions

On the morning of February 16, VNZ shares continued to increase to the ceiling price of 1,562,500 VND but quickly "turned around" and decreased, ending VNZ's surprisingly consecutive 11-session ceiling price increase streak.

The lowest price of VNZ shares today was 1,296,200 VND and then closed the session at 1,300,000 VND. Compared to the highest price at the beginning of the session, each VNZ share decreased by 17% at the end of the day.

VNG shares turned down on February 16

However, thanks to the ceiling price increase at the beginning of the session, the average price (which will be the reference price for tomorrow's trading session, February 17) of VNZ code is still 1,434,650 VND. The trading volume of VNZ increased nearly twice compared to yesterday when 10,600 shares were matched. This is the highest liquidity of VNZ since it started trading in early February.

Yesterday, VNG sent a second explanatory letter after its stock price hit the ceiling for 5 consecutive sessions. This content was "copied" exactly as the first explanatory letter before. According to VNG, the stock price hitting the ceiling for 5 consecutive sessions since February 8th is entirely dependent on the supply and demand of the stock market, the tastes, needs, and assessments of investors. The company does not have any intervention or control over the price movements of VNZ shares at the same time. Currently, the company is still operating normally and there are no fluctuations from the increase in stock price.

Notably, the increase and decrease of VNZ code almost always happens against the market trend. If in the past few days this stock continuously increased to the ceiling despite the VN-Index being in red, now it is moving in the opposite direction.

At the end of the session on February 26, VN-Index increased by 10.09 points to 1,058.29 points, which was also a decline for VNZ. The liquidity of the two listed floors was low when it had not reached 10,000 billion VND, but VNZ's transactions doubled. Meanwhile, banking stocks were the main leading group in today's session with a series of high-increasing codes such as BID, CTG, VPB, HDB, TCB, EIB. In addition, steel stocks were also positive when HPG increased by 2.4%, HSG increased by 5% while NKG and SMC both hit the ceiling...

Source: https://thanhnien.vn/co-phieu-cua-vng-quay-xe-sut-giam-sau-11-phien-tang-tran-185230216155238092.htm