VNG shares fall below 1 million VND

Opening the trading session on the morning of February 21, VNZ shares of VNG Corporation continued to hit the floor price to VND889,500/share. However, the selling volume at the floor price was not much, so VNZ recovered and ended the session above the floor price at VND913,000/share.

VNG's stock liquidity remains the same as previous sessions, with 7,000 units successfully traded. This is the third decline of VNZ in the last four trading sessions after a series of previous ceiling-raising days. In total, after just the last four trading sessions, VNZ has fallen more than 33%.

VNZ stock price continues to decrease and falls below 1 million VND

Recently, VNG Corporation announced the stock transaction of Ms. Truong Thi Thanh - a member of VNG's Board of Supervisors, who registered to sell 2,000 VNZ shares by negotiation. The expected transaction time is from February 23 to March 23. Currently, Ms. Thanh owns 36,283 VNZ shares, equivalent to 0.101% of charter capital. If the transaction is successful, the number of shares Ms. Thanh owns will be 34,283 shares, equivalent to 0.096% of charter capital.

VNG shares have attracted the attention of investors since the beginning of February with a series of 11 consecutive sessions of ceiling price increases despite the loss-making business results. Surprisingly, the liquidity in many sessions only had a minimum lot (including 100 units) traded, but it helped VNZ establish the highest-priced stock on the Vietnamese stock market ever. Notably, VNZ has become the first name in the history of Vietnamese stocks to reach a market price of over 1 million VND/share.

At the end of today's session (February 21), the stock market also turned down after yesterday's strong increase. Bank stocks were all in red, causing the VN-Index to fall 4.46 points to 1,082.23 points. The HNX-Index did the same when it closed down 1.74 points to 214.08 points.

Real estate stocks were more differentiated as many stocks continued to increase to the ceiling price until the end of the session, typically LDG, IJC, HQC. Some blue-chip stocks such as NVL, VIC also maintained green color but other codes such as BCM, DXG, HDC, HDG, IDC, KBC, NLG... fell below the reference price.

The total market trading value continued to remain high, reaching over VND13,600 billion. However, foreign investors continued to net sell VND66 billion, marking the fifth consecutive net selling session.

Source: https://thanhnien.vn/co-phieu-cua-vng-rot-xuong-duoi-1-trieu-dong-185230221163451624.htm