Bank Leadership Returns on Car Stop / Trust Day?
According to Tejarat News, car symbols were stopped today in order for banks and credit institutions to overtake this traditional leader. The total stock index with a growth of more than 8,800 units (0.6%) was in the range of 1,456 units.
The value of stock exchange transactions today at the end of the market reached more than 5.2 billion tomans, which was lower than yesterday. Webmelt and Wamid were the most influential symbols in the overall index with more than 1,700 units of growth and optics with a decrease of about 900 units, respectively.
Also, the highest transaction value was recorded for the symbols Dara I, refinement and webmail. The highest volume of transactions was recorded for Webmelt, Vatjarat and Khobhman.
The top industrial groups today were banks, petroleum and chemical products.
The suspension of the car symbol on the last day of trading in the third week of November, although it reduced the value of trading, kept the stock market generally green. An event that experts hope will continue early next week.
The total OTC index with more than 74 growth units was in the range of 20 thousand 647 units. The influential symbols in today’s OTC index were Aria, Zagros and Koghar.
The market needs volume and stabilization
Meysam Muslimzadeh, a stock market expert, said: “I hope the Saturday market will be positive as well.” What is clear is the increase in trading volume. Although the number has not been considered yet, it should be noted that the stock market has gone through a critical year and a half.
He continued: “Currently, we need the market to reach volume and stabilize.” Price manipulation should be reduced and the supervisor should be more careful in reopening.
Muslimzadeh added: “It can be said with certainty that the capital market is cheaper than the two markets of housing and cars, and less risky than the dollar and cryptocurrencies, and is generally more suitable for investment up to the end of 1400.”
Read the latest stock market news on the Trade News page.