Capital market institutions should help restore confidence in the stock market/ The recent drop in stock prices had no particular logic

According to the economic reporter of Fars news agency, the stock market was accompanied by good demand at first, but the trading trend changed at the end of the market and with the increase in the supply in the automotive group, the supply in the market as a whole increased.

Capital market experts believe that the stock market is still going back and forth and small shareholders have not yet decided to stay or leave the stock market. The increase in selling pressure in index-making symbols during today’s trading led to the stoppage of the growth of the stock market index.

* Analytical review of Tehran Stock Exchange index

The Tehran Stock Exchange index grew by more than 86 thousand points during yesterday’s and today’s trading to show a positive reaction to the 23% Fibonacci range of its previous wave.

By becoming positive in recent transactions, the market showed that it has reached the numbers and figures desired by the technicalists; Also, the RSI indicator, which was moving towards negative numbers on Saturday, was able to return to the number of 50 units so that the support range of the trend line of the RSI indicator remains a point of hope for the capital market technicians.

Fundamental analysts of the capital market still believe that the Tehran Stock Exchange index can reach higher numbers; Because there are still high inflationary expectations in the society and the dollar rate is above 50 thousand tomans in the open market.

* Capital market institutions should help restore trust in the stock market

Regarding this, capital market expert Reza Golestani, in an interview with the economic reporter of Fars news agency, says: the situation of the capital market in the past few days is significantly different from the situation in 2019, and the sharp drop in share prices in the past few days did not follow any particular logic.

Emphasizing that this situation should be curbed as soon as possible and confidence in the stock market should be restored, he continued: the upward trend of the capital market can continue with appropriate attention to the situation of each stock, and the fear that has cast a shadow on the market in recent days is temporary. Is.

This capital market expert stated: The entities present in the capital market must join hands with each other so that the lost trust returns to this market and what has been lost in recent days is restored.

* Unprecedented growth of stock market performance indicators

At the end of trading on Monday, the stock market index rose by 15,475 units compared to the previous working day and reached 2,301,380 units. The efficiency of this positive index was 68 percent.

The total weighted index of the stock market stood at 752,441 units with a growth of 3,837 units. The efficiency of this positive index was 51 percent.

The total OTC index also increased by 209 points to 28,690 points. The over-the-counter weighted index also had an upward trend and reached the level of 136,203 units with a growth of 1,54 units.

* Exit of real money from the capital market

On Sunday, the net change of legal to real ownership in the stock market was negative, and 364 billion tomans of real money was withdrawn from the stock market.

Today, the symbols of Khasapa (Saipa Company), Shapna (Isfahan Oil Refinery) and Vebasader (Sadarat Bank) had the most money outflows. On the other hand, the largest influx of real money was dedicated to the symbols of Sabhsaz (Behsaz Kashaneh Tehran), Hekshti (Kashtirani of the Islamic Republic) and Beniro (Niro Trans).

* Decreasing the value of micro transactions in the stock market

Today, the total value of stock market transactions reached 129,339 billion Tomans. The value of debt securities transactions in the secondary market was 105 thousand 22 billion tomans, which includes 81% of the total value of market transactions on this day.

The value of small transactions also decreased by 18% compared to the previous trading day and reached 14,300 billion tomans.

* 76% drop in the value of stock market queues

At the end of today’s trading, 363 symbols increased in price and 376 shares decreased in price.

During Monday’s trading, 121 symbols had a buying queue and 88 symbols were facing a selling queue. The total value of buying queues decreased by 76% compared to the previous day to 680 billion tomans and the total value of selling queues increased by 7% to 424 billion tomans.

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