QUARTER ENDS IN THE RED
The market continued to decline, retreating close to the previous 2024 peak area of 1,306 points. Liquidity increased compared to the previous session, showing that supply pressure continued while supportive cash flow remained cautious, especially with ongoing net selling pressure from foreign investors.The earlier signal of dropping below the MA(20) kept putting negative pressure on the market. Although support is currently weak and the market could become oversold below 1,306 points, the psychological level of 1,300 points is expected to provide fairly good short-term support, helping the market recover to test supply pressure again.
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