VNG shares, the most expensive on the stock exchange, are subject to trading restrictions.

From today (May 25th), VNZ shares of VNG Corporation are subject to trading restrictions due to the company's failure to submit its audited financial statements for 2022 more than 45 days after the deadline for information disclosure as stipulated by regulations. These shares can only be traded on Fridays. This remains the most expensive stock on the stock exchange currently.

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

VNG shares are only traded on Fridays starting from May 25th.

VNZ shares began trading on the UPCoM exchange on January 5th with a reference price of 240,000 VND per share. For the first 14 trading sessions, VNZ experienced illiquidity, with the stock remaining at its reference price. However, in the following 11 sessions, VNZ began trading and surged by 15% per session, with most transactions limited to a minimum of 100 shares per session. As a result, VNZ's price peaked at over 1.5 million VND per share on February 15th, but quickly reversed course and closed at 1.35 million VND per share. VNZ became the most expensive stock in the history of the Vietnamese stock market. At this peak, the company's market capitalization was 39,000 billion VND, equivalent to 1.5 billion USD.

After reaching the aforementioned peak, VNG shares reversed course and have since traded steadily around 800,000 VND per share, with trading volume per session ranging from a few hundred to a few thousand shares.

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

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