Does the status of stock market / vegetable index symbols go back to the stock market?
According to Tejarat News, the stock market continued the negative trend of the past few days and today saw a decrease of about 13,000 units in the total index. Some experts hope the market will return tomorrow.
Iman Raisi, a stock market expert, said: “The market still suffers from lack of trust and lack of liquidity.” There was a time when the market swallowed up negative news and bought every stock at any price, and now the stock market ignores positive news.
He continued: “In global markets, we are witnessing the growth of the value of commodities.” This can save the market. Due to this issue, refining and metals groups were well supported.
“The banking group trades indifferently at the exchange rate near the index support of this group,” Raisi said. The automotive group also showed the support of 185 thousand index units of this group to return the automobile leaders from the sales queue. This indicates strong demand for negative prices.
What factors affect the market?
“Given the type of trading in most market shares, it is likely that the index will be positive tomorrow,” he said. There are also technical changes in the index chart, which shows a significant support barrier in the range of one million and 330 thousand. This number is the most probable point of return of the index.
He noted that rising oil prices, rising global metal prices, the possible impact of the Borjami agreement on the automobile and banking groups and the impact of the exchange rate on the banking group are among the most important parameters affecting the stock market.
“On the other hand, the low volume of transactions shows that there is no strong seller in the market,” Raisi said. In fact, according to statistics, all the money that was imported in 1999 has been withdrawn. At this stage, money is needed to start growing, which inflation will bring in the near future.
Read the latest stock market forecasts on the Forex Trading News page.