Forecast of Monday, June 22, 1402 / The heavy shadow of the dollar on the stock market – Tejaratnews
According to Tejarat News, the stock market transactions on Sunday returned the color of balance to the map of the stock market. Although the drop of stock market indices during trading on the second day of the week was not as much as on Saturday, but the demand and the value of transactions still could not return to the levels of a month ago.
Accordingly, the main indicator of the Glass Hall on Sunday stopped at the level of 2,208,000 units with a drop of 6,849 units, which is equivalent to 0.31% of this index.
Also, the equal-weighted total index behaved in line with the total index and reached the level of 748 thousand 635 units with a decrease of 0.29 percent. This similar behavior of two stock market indices shows that currently, the negative atmosphere ruling the stock market covers all companies, and even small companies are affected by the lowering of the dollar.
Tehran Stock Exchange under the microscope of statistics and figures
The board of the Tehran Stock Exchange shows the trading volume of 11 billion and 700 million shares and the value of the transactions is 6,925 billion tomans.
The increase in the value of transactions on Sunday, compared to the average of 6 thousand billion last week, cannot be considered reliable. Because despite the initial offering of Shahr Financial Group, as well as the record-breaking initial offering, part of this increase is related to the transactions of the “Shahr” symbol.
Investigating the ownership statistics of real people also indicates the withdrawal of real people’s capital from the stock market. The index of capital inflows and outflows at the end of Sunday’s stock exchange reports the outflow of 146 billion tomans of real money.
Monday stock market forecast
The primary point of view in examining the total index from both sentiment and technical dimensions is the formation of a double bottom, which is considered a return pattern. But when we look at the conditions of the capital market, after the big blow that hit the market in the middle of May, it seems that its aftershocks are still affecting the stock market.
From the technical point of view, the second arm of the correction – which the total index is currently in this phase – should be proportional to the previous correction wave. It seems that the correction of three to four percent of the total stock market index will bring this index to the important return ranges. The range of two million and 150 thousand units is an important support for the return of the total index, which shareholders have high hopes for.
In this analysis, it should be kept in mind that the current correction is taking place in the heart of an upward wave. In the larger frame, the upward trend of the Tehran Stock Exchange, which started in November last year, is the continuation of the upward trend whose last dynamic wave ended in the summer of 1999.