Exciting stock market weekend / Stock market upward trend continues?
According to Tejarat News, the stock market has been facing many influential events over the past week. Finally, the overall index grew by 4.15 percent and the homogeneity index by about 4 percent. The reopening of the Shasta and Fars symbols, the increase of more than 10% in the prices of Iran-Khodro and Saipa products, and the suspension of car symbols on the last day of the market were important events.
On Sunday, the economy minister canceled the issuance of government bonds in line with stock market control policies. But even this measure could not stop the market from becoming negative as a result of the reopening of Shasta, which was all green yesterday.
But Sunday was the only red day of the stock market in the past week. The market continued to grow slightly with low trading volume and value, and experts were optimistic that this trend would continue in the coming week.
On Tuesday, the Minister of Economy and Finance met with members of parliament and was an important focus of the stock market. A meeting that was enjoyable for the stock exchanges and kept the market positive until the end of the week.
The stock market ended positively on Wednesday, with suspended car symbols and banks leading the way.
The stock market has the potential to balance
Maryam Mohebbi, a stock market expert, regarding the events of the recent week of the stock exchange, said: The unhealthy situation of the stock exchange during the past few months caused the Minister of Economy to appear before the Islamic Consultative Assembly and answer the questions of the elected representatives this week.
He continued: “After the meeting, the total index and the homogeneous total index reacted negatively to the margins and retreated.” The reason for this retreat was the lack of a solution to this problem, or in other words, a way out of the current situation. On the other hand, some market shares have reached reasonable and desirable prices, which are considered attractive by experts.
Mohebbi stated: “Therefore, the relative growth of prices in the market with the presence of the Minister of Economy in the parliament is not due to the government’s support for the stock market, but due to the appreciation of some market shares.” Of course, it is predicted that this trend can not continue in the long run.
The expert stated: The working week of the stock exchange, leading to 19 Aban, was a week full of fluctuations and full of excitement, and it ended its work with a positive trend. This trend shows that the stock market has the potential to get out of the exhausting downtrend and enter the phase of becoming more balanced and rational trading.
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