Bloody Saturday for Scholarships / Stock Market on Balance?
According to Tejarat News, today the total stock index fell by about 17,000 units (negative one percent) to the range of 1,439,000 units. The homogeneous index today fell by more than one percent in the channel of 387 thousand units.
The value of stock exchange transactions today at the end of the market was 4,465 billion tomans. Fars, Foolad and Shasta symbols had the most negative impact on today’s index with more than 3000, 1600 and 1300 units, respectively.
Also on this day, the highest transaction value was recorded for refining symbols, Dara Ik and Kamand.
The top industrial groups today were petroleum products, chemicals and base metals. The largest volume of transactions was recorded for Weskerman, Webmelt and Vatjarat.
The stock market closed today due to contradictory news about red car pricing. As expected, the cancellation of the car price liberalization severely affected the stock market. Experts believe that more than anything, it is now the lost trust of shareholders that leads to sales queues.
The total OTC index with more than 169 negative units was in the range of 20 thousand 478 units and the influential symbols in today’s OTC index were Zagros, Aria and Saba.
Equilibrium returns to the stock market
Ehsan Rezapour, a capital market expert, said: “Currently, the stock market is affected by the negative excitement created due to contradictory government decisions.” We hope that in the coming days, with the easing of this excitement, the balance will return to the stock market.
He continued: “The more inflammation, uncertainty and insecurity in the market, the more we will see fluctuations.” This situation may continue until we see capital outflows from the stock market to other investment opportunities.
Rezapour said: attractive prices have been created. Demand is expected to increase in important groups. Metal, mining, petrochemical, chemical and banking groups. We will have better days if this demand exceeds the supply.
Read the latest stock market news on the Trade News page.