Market commentary: Demand re-emerges

The market recorded a rebound alongside improved liquidity, indicating that buying demand is showing signs of returning and supporting the short-term recovery. Moreover, the index moving above the 10-period moving average is an initial positive signal; however, it remains below the 20- and 50-period moving averages, suggesting that the uptrend has not yet been fully confirmed. This implies that the market may continue to experience volatility and require further accumulation before forming a clearer trend.