On February 7, VNZ shares of VNG Corporation continued to increase to the ceiling price even though only 100 units were successfully traded. VNZ shares closed the session at VND587,500/share, a record price ever on the Vietnamese stock exchange.
Notably, VNZ maintained its ceiling increase despite the stock market falling across the board with VN-Index losing 2.15% to 1,065.84 points and HNX-Index losing 3.2% to 354.41 points.
VNG shares set a record price of more than half a billion dong
In total, VNZ shares have maintained 5 consecutive ceiling price sessions with only 100 shares traded per session, pushing the price from 240,000 VND to jump nearly 2.5 times thanks to the price fluctuation amplitude on UPCoM in each session being 15% higher than the two official floors.
With just over VND 58.75 million to trade exactly 100 of these stocks, VNG's capitalization has increased by nearly VND 3,000 billion. The total series of days of VNZ's ceiling price increase also pushed the market capitalization value of VNG Company to more than VND 21,000 billion (equivalent to nearly USD 900 million). Compared to some stocks in the same technology industry listed on the stock exchange, VNZ shares are currently more than 7 times higher than FPT Corporation's shares; 14 times higher than CMC Technology Corporation's shares...
VNZ shares continuously set new peaks, also increasing the asset value of Mr. Le Hong Minh - General Director of VNG Corporation - by more than 1,000 billion VND since the beginning of February until now and surpassing 2,000 billion VND. Mr. Le Hong Minh currently owns more than 3.5 million VNZ shares (equivalent to more than 9.837% of capital).
Recently, VNG announced information about the dismissal of Mr. Le Hong Minh - co-founder of VNG from the position of Chairman of the Board of Directors from the beginning of 2023 and elected Mr. Vo Sy Nhan to this position. The above decision may be to comply with the regulation "Chairman of the Board of Directors cannot concurrently hold the position of General Director (Director) of a public company".
In addition to the hot increase, VNZ shares have attracted more attention from investors as the company is operating at a loss. In 2022, this technology company had a net loss of up to VND 1,315 billion, of which the loss after tax belonging to the parent company's shareholders was VND 858 billion. This is a record loss in VNG's history of operations.
Source: https://thanhnien.vn/100-co-phieu-tiep-tuc-day-co-phieu-vng-toi-ky-luc-moi-185230207145818578.htm
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