Market commentary: Cautious sentiment

The market experienced fourth consecutive volatile session driven primarily by selling pressure, making it difficult for the index to regain upward momentum. Notably, liquidity saw a significant decline, indicating that investor sentiment is turning increasingly cautious around current price levels. Nevertheless, the index remains above most major moving averages, suggesting that the medium-term uptrend remains intact. Hence, investors should closely observe upcoming market developments to determine suitable strategies for their portfolios.