Continued rally of Tehran Stock Exchange / Is it the turn of index makers this time? – Tejarat News
According to Tejarat News, on the first day of the first week, the Tehran Stock Exchange took another big step towards the rise, based on the good performance of the index makers. On this basis, the main index of the glass hall increased by 73 thousand 438 units, which is equivalent to 3.1% of this index. In this way, the total index stood at the level of 2 million 438 thousand units at the end of Saturday trading.
On the other hand, the equal-weight total index behaved in the direction of the total index trend and reached the level of 800,946 units with a growth of 1.8 percent.
Entry and exit of real money
It should be noted that the Tehran Stock Exchange board shows the volume of transactions on Saturday at 30.950 billion and the value of transactions at 19.332 billion tomans (including the value of equity and mixed funds transactions).
Investigating the ownership statistics of real people indicates the entry of real capital into the stock market. The index of capital inflows and outflows at the end of the stock exchange on Saturday reports the entry of 2,446 billion tomans worth of money into the stock market.
Indicators are the flagship of the upward trend
The comparison between the total index and the equal-weight index of the stock market, which represents the smaller and medium-sized stocks of the capital market, shows that the smaller and medium-sized stocks of the market have given the shareholders a much higher return than the index-making stocks.
Since the beginning of the current upward trend, which started at the beginning of November last year after the 10-point support package and the start of the supply of high-volume cars, the total index has achieved a return of 96%. At the same time, the efficiency of the market equal weight index was 125%.
On Saturday, while the mid-cap and small-cap stocks saw a balanced trade, the big icons of the market, including Shasta and Steel, ended their work with heavy buying queues.
Experts believe that the beginning of the rising wave in the symbols of the market index is very important because the possible and short-term correction of the market will happen after the rising wave reaches the big stocks of the market.
Capital increase in the agenda of state banks
The Deputy Minister of Economy announced about the bank capital increase program in 1402; He stated: With the follow-ups, the Islamic Council has predicted an increase of 50 thousand billion tomans for state banks for this year.
The Deputy Minister of Economy continued: Also, in this year’s budget law, it is predicted that state banks can raise capital from the sale of their surplus property, and in addition, they can enter into new investments, which will be followed up this year.
The news of the capital increase of state-owned banks can have a significant positive effect on the stock price of banking group symbols. Also, the entry of banks into new investments can increase the profit margin of state banks. By this means, P over E of this group can also reach more reasonable and valuable numbers, and as a result, it will lead to the success of the market.
Despite the 135% increase of banks to the central bank, the people of the capital market are still hesitant to buy such symbols. The review of the report published by the central bank indicates that the debt of the banks to the central bank continues to increase unbridled and reached 344 thousand billion tomans with a growth of 12% in February.
In addition, this figure has registered a growth of 135% since the beginning of 1401. Meanwhile, this figure had grown by 59% in the same period of 1400.
Tomorrow’s stock market forecast
The re-convergence of the capital market indicators is a sign of the continuation of the upward trend; At the same time, we should not ignore the fact that the amount of turbulence has greatly increased. The symbols trading board confirms the fact that uncertainty in traders’ decisions is increasing.
Based on this, the level of market risk has increased and despite optimistic expectations and hope for the continuation of the upward trend, one cannot expect the integrated growth of the market without correction and rest. Although experts believe that whenever the correction comes, a deep downward wave will not form and it will be useful to continue the upward path.