VNG shares, the most expensive on the stock exchange, are restricted from trading.

From today (May 25), VNZ shares of VNG Corporation are restricted from trading because the company is late in submitting its audited financial statements for 2022 more than 45 days from the deadline for information disclosure as prescribed. This stock is only traded on Fridays every week. This is still the most expensive stock on the stock exchange today.

At the close of yesterday's session, VNZ shares stood at 759,000 VND/share. VNG's estimated capitalization is currently at nearly 22,000 billion VND, equivalent to nearly 1 billion USD.

VNG shares are only traded on Fridays every week from May 25.

VNZ shares started trading on UPCoM from January 5 with a reference price of VND240,000/share. In the first 14 sessions of listing, VNZ lost liquidity and the shares remained at the reference price. However, in the next 11 sessions, VNZ started trading and increased by 15%/session, most of which only traded at a minimum of 100 shares per session. As a result, VNZ's price peaked at more than VND1.5 million/share in the session on February 15 but quickly turned down and closed the session at VND1.35 million/share. VNZ has become the most expensive stock in the history of the Vietnamese stock market. At this peak, the company's capitalization was VND39,000 billion, equivalent to USD1.5 billion.

After reaching the above peak, VNG shares turned down and have now been trading stably around 800,000 VND/share, with trading volume per session being only a few hundred to a few thousand shares.

Recently, the company's consolidated financial report for the first quarter of 2023 announced a net revenue of VND 1,852.4 billion, an increase of 11% over the same period last year, and a loss after tax of more than VND 90 billion, lower than the loss of over VND 130 billion in the first quarter of 2022. According to the explanation, the loss decreased compared to the same period last year mainly due to the success of new game products as well as the reduction in advertising costs.

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