Market commentary
18
November
Market commentary: Green start to the week
The market successfully retested the 20-day moving average, reinforcing the potential formation of a short-term recovery trend. However, liquidity remained low, indicating that buying power has yet to fully return...
17
November
Market commentary: Late-session buying support
The market posted a modest gain, but liquidity remained subdued, indicating continued investor caution. Meanwhile, the index is approaching the 20-day moving average, and whether it can break through or...
14
November
Market commentary: Market divergence
The market showed a positive technical signal as the index successfully tested the 10-day moving average, suggesting that a short-term recovery trend is gradually forming. However, liquidity showed signs of...
13
November
Market commentary: Green return
The market’s strong rebound, accompanied by improved liquidity, indicates that capital inflows are gradually returning, signaling a positive recovery after the recent correction phase. However, the index has yet to...
12
November
Market commentary: Market recovery
The emergence of active buying helped the market close in positive territory. However, liquidity remained low, indicating that cash flow has yet to return strongly and the current uptrend appears...
11
November
Market commentary: Market declined
The market continued to experience selling pressure, indicating that cash flows remain cautious and on the sidelines rather than re-entering strongly. Additionally, the persistence of low liquidity reflects investors’ risk-averse...
10
November
Market commentary: Selling pressure persists
The downside risk remains present, as the index experienced sharp volatility along with a rise in liquidity. This trend indicates that investor sentiment remains cautious, as short-term capital has yet...
07
November
Market commentary: Liquidity continued to decline
The market continued to decline amid persistently low liquidity, indicating that investors remain cautious and reluctant to return to risk assets. In the short term, supportive signals remain insufficiently clear;...
06
November
Market commentary: Low liquidity
Although the market has posted two consecutive gaining sessions, it has yet to break above key moving averages, implying that downside risks remain. As such, investors are advised to stay...
Featured Analysis
Market commentary: Green start to the week
SBV maintains net injection
BSR – Brief – [NONRATED] – 3Q25: Higher volume and margins as expected
Covered warrant: Liquidity slightly increased
Derivatives: Declining liquidity
Market commentary: Late-session buying support
Chart of the day: Liquidity weakening
