VNG's stock price falls below 1 million VND.

At the opening of trading on the morning of February 21st, VNZ shares of VNG Corporation continued to fall to the floor price of 889,500 VND/share. However, the volume of selling at the floor price was not significant, so VNZ recovered and closed above the floor price at 913,000 VND/share.

VNG's stock liquidity remained the same as previous sessions, with 7,000 units successfully traded. This marks the third consecutive day of decline for VNZ in four trading sessions, following a series of consecutive days of hitting the ceiling price. In total, VNZ has dropped by more than 33% in just the past four trading sessions.

VNZ shares continued to fall in price and dropped below 1 million VND.

Recently, VNG Corporation announced a share transaction by Ms. Truong Thi Thanh, a member of VNG's Supervisory Board, who registered to sell 2,000 VNZ shares through an agreement. The transaction is expected to take place from February 23rd to March 23rd. Currently, Ms. Thanh owns 36,283 VNZ shares, equivalent to 0.101% of the charter capital. If the transaction is successful, Ms. Thanh's shareholding will decrease to 34,283 shares, equivalent to 0.096% of the charter capital.

VNG shares have attracted investor attention since the beginning of February with a streak of 11 consecutive days of hitting the upper limit despite business losses. Remarkably, in many sessions, the trading volume was only a minimum of one lot (100 units), yet this helped VNZ establish itself as the highest-priced stock on the Vietnamese stock market to date. Notably, VNZ became the first name in the history of the Vietnamese stock market to reach a market price exceeding 1 million VND per share.

At the close of trading today (February 21), the stock market reversed its upward trend after yesterday's strong gains. Bank stocks uniformly fell, dragging the VN-Index down 4.46 points to 1,082.23 points. The HNX-Index also followed a similar pattern, closing down 1.74 points to 214.08 points.

The real estate sector showed greater divergence, with many stocks continuing their upward trend until the end of the session, notably LDG, IJC, and HQC. Some blue-chip stocks like NVL and VIC also maintained their gains, but others such as BCM, DXG, HDC, HDG, IDC, KBC, NLG... fell below the reference price.

Total market trading value remained high, reaching over 13,600 billion VND. However, foreign investors continued to net sell 66 billion VND, marking their fifth consecutive net selling session.

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