The first super stock to exceed the price of 1 million VND is restricted from trading.

Accordingly, from May 25, 2023, this stock code will only be traded on Fridays.

HNX stated that, based on a review of the audited financial statements for 2022, it placed VNZ shares under restriction because the listed company submitted its audited financial statements for 2022 more than 45 days after the deadline for publication.

Within 15 days of the restrictions being imposed, HNX requires VNG Joint Stock Company to provide a written explanation of the reasons and propose solutions to rectify the situation.

VNG's VNZ shares have been placed under trading restrictions since May 25th. (Illustrative image: Government Newspaper)

VNZ is one of the most talked-about stocks on the stock exchange recently due to its rapid surge after listing and setting a new record in market history with a market price exceeding 1 million VND per share. Accordingly, from a price of 240,000 VND per share at the start of the surge on February 1st, VNZ's market price peaked at 1,358,700 VND per share on February 15th, representing an increase of more than 4.66 times, becoming the most expensive stock on the exchange. VNZ's valuation reached 48,701.6 billion VND, equivalent to 2.06 billion USD in that session. However, before this series of limit-up increases, VNZ shares experienced 14 consecutive sessions with no trading activity (since its listing on January 5th). In 7 out of 11 sessions with limit-up increases, only 100 shares were traded each session.

VNG (formerly Vinagame) is a company specializing in publishing online games and providing technology products such as cloud services, electronic payment gateways (ZaloPay), and the Zalo mobile platform. VNG shares are listed on the UPCoM exchange under the ticker symbol VNZ, with the official trading date being January 5th.

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Source: https://vtc.vn/sieu-co-phieu-dau-tien-vuot-muc-gia-1-trieu-dong-bi-han-che-giao-dich-ar784964.html