At the end of the week (February 10), VNZ shares of VNG Corporation continued to increase and set a new record price on the stock exchange at VND893,400. According to regulations, after every 5 consecutive sessions of increasing or decreasing, the company will have to explain this. Therefore, VNG Corporation has just sent a report to the State Securities Commission and the Hanoi Stock Exchange - HNX (VNG is trading on UPCoM under HNX).
VNG said that the stock price increased to the ceiling for 5 sessions from February 1 to 7 completely depended on the supply and demand of the stock market and the tastes, needs, and assessments of investors. The company did not have any intervention or control over the price movements of VNZ shares at the same time.
In addition, VNG also confirmed that the company is still operating normally and there are no fluctuations from the increase in stock price.
VNG Corporation shares hit a new peak in price on the Vietnamese stock exchange.
After the session on February 10, VNG's market capitalization increased to VND25,672 billion, joining the group of enterprises with a capitalization of billions of USD. The asset value of Mr. Le Hong Minh - co-founder and General Director of VNG continued to increase to VND3,150 billion.
Thus, VNZ shares are still attracting the attention of stock investors as they have set a new price record in the nearly 23-year history of the Vietnamese stock market.
Before VNZ, there was a period when the stock market was called "golden" when the market increased and there were stocks that exceeded 500,000 VND but then quickly fell sharply. For example, at the end of February 2007, FPT shares reached their highest market price of 665,000 VND and currently this stock is priced at 80,700 VND. The only stock that exceeded 700,000 VND was SJS of Song Da Urban and Industrial Zone Development Investment Joint Stock Company which in January 2007 reached 728,000 VND with more than a month of continuous increase. After the peak session, the company divided its shares and the market price was adjusted down to 190,000 VND and currently SJS is priced at 45,650 VND/share...
Source: https://thanhnien.vn/100-co-phieu-lam-mua-lam-gio-tren-san-vng-noi-gi-185230211085804477.htm
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