Analysts at CardinalStone anticipate that the bearish sentiment that surfaced in the final week of February 2025 may extend into March if the market continues to appear overbought.
This insight was shared in their economic update titled “Mixed Sentiments Across Global Equities; Bullish Momentum Prevails on the Local Exchange,” published on March 3, 2025.
They noted that panic selling in March could likely drag the weighted All-Share index down: “In March, the bearish sentiments that emerged towards the end of February are likely to spill over into the month, as profit-taking seems to be triggering panic selling.”