In today's trading session, September 6, VNZ shares of VNG Corporation suddenly dropped sharply. VNZ started to fall sharply after 11am in the morning session and before closing time for lunch, it hit the floor at 437,800 VND/share.
In the afternoon session, a larger volume of shares was traded, with 14,200 shares changing hands in today's session, the highest volume since the beginning of 2024. VNZ's market price at 2:35 p.m. reached VND470,000/share, equivalent to a decrease of VND45,000/share, "evaporating" 8.7%.
VNZ stock price developments in recent times, after becoming the most expensive stock on the stock exchange when it surpassed the threshold of 1.5 million VND/share in February 2023, the one-time "super stock" VNZ has begun to reverse, continuously falling sharply to around the price of 500,000 VND/share.
In 2024, VNG plans to have revenue of VND 11,069 billion, an increase of 46% compared to the previous year and expects to have consolidated profit after tax of VND 150 billion and parent company profit of VND 195 billion.
