Market commentary

06
June
Market commentary: Narrowing the downward momentum
Although corrective pressure at higher price levels continued to weigh on the market and temporarily stalled the upward momentum, the overall uptrend remained intact as the indices stayed above most...

05
June
Market commentary: Market divergence
The market exhibited signs of volatility after reaching a new high price. Nevertheless, the underlying uptrend remains intact, as the index continues to trade above most key moving averages. Hence,...

04
June
Market commentary: Green gains broadly extended
After several sessions of consolidation near recent highs, the market staged a strong rebound accompanied by improved liquidity - signaling a shift in investor sentiment toward optimism. This may indicate...

03
June
Market commentary: Demand dominated toward the end of the session
After several sessions facing correction pressure at elevated price levels, the market has shown signs of divergence. This indicates a lack of momentum for a breakout, suggesting that the index...

02
June
Market commentary: Downside risk emerging?
After surpassing the earlier high of this year, the market fell into a state of imbalance as selling pressure intensified significantly during the session. This suggests that buying power at...

30
May
Market commentary: The market remains unchanged
The market continues to exhibit volatility near its recent highs, preventing the index from decisively breaking out. This price action reflects ongoing indecision between buyers and sellers, suggesting that the...

29
May
Market commentary: Mild volatility
Although the market continued to gain, signs of profit-taking emerged as the index approached its previous peak for the year. This development reflects a more cautious sentiment at elevated price...

28
May
Market commentary: Continued uptrend
The market ended the session with gains accompanied by rising liquidity - suggesting that the uptrend may continue. However, as the index approaches the Mar/2025 peak, profit-taking pressure could emerge....

27
May
Market commentary: Cash inflows return
The index is approaching the 1,340 pts, which marks the peak established in Mar/2025. The re-test of this strong resistance zone may lead to range-bound or choppy movements. Hence, investors...