Setting a plan to surpass many "big players," Sunshine's stock hits the ceiling price.

TPO - The real estate sector continued to show strong divergence on May 29th, with numerous stocks experiencing sharp declines and weak liquidity. Meanwhile, KSF of Sunshine Group surged to its ceiling price ahead of its shareholders' meeting. The market also saw a stir following the announcement that the company aims for a profit of 86,000 billion VND, exceeding Vinhomes' projections for 2028.

The stock market on May 29th continued to experience significant volatility as investors remained cautious. The VN-Index briefly rose by more than 10 points in the afternoon thanks to a strong rebound in the oil and gas sector, but selling pressure returned towards the end of the session, causing the index to close slightly down 0.18 points (0.01%) at 1,863.49 points.

Market liquidity remains low, indicating that cautious sentiment has not disappeared. The trading value on the HoSE is only around 18,100 billion VND. Capital flows are mainly concentrated on a few individual stocks rather than spreading broadly, leaving the market in a state of "green on the outside, red on the inside".

Foreign investors extended their net selling streak with a value of approximately 750 billion VND, focusing on large banking and real estate stocks such as CTG, VHM, and VPB.

Amidst a lack of market momentum, the real estate sector continued to decline. Numerous stocks fell sharply, including DIG (down over 3%), PDR (down nearly 3%), DXG (down over 2%), TCH (down 2.6%), and CEO, KDH, NLG, and HDC, all experiencing corrections.

Sunshine's KSF stock price surged ahead of its shareholders' meeting.

Nevertheless, the real estate sector still showed a rare bright spot in Sunshine Group's KSF stock. This stock surged to its ceiling price of 93,800 VND/share with a significant increase in trading volume compared to recent sessions. The rise in KSF occurred just before the annual shareholders' meeting.

Conversely, the oil and gas sector became a notable pillar supporting the market. GAS closed at its ceiling price, becoming the strongest driver of the VN-Index. Its trading volume also surged to its highest level in the last 7 sessions.

A series of other oil and gas stocks also surged, such as BSR up 4.39%, PLX up 3.9%, PVD up 1.7%, PVT up 1.4%, OIL up 2%... This group contributed about 5 points to the VN-Index, helping the index avoid a deeper decline as selling pressure remained widespread in banking, securities, and real estate.

The banking and securities sectors continued to diverge. Some stocks like MSB,ACB , and TCB maintained their gains, while VCB, BID, VPB, and VCI all declined, putting pressure on the overall index.

Source: https://tienphong.vn/dat-ke-hoach-vuot-nhieu-ong-lon-co-phieu-sunshine-tang-tran-post1847343.tpo